You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.050%, a weekly compounded rate of 0.305%, a monthly compounded rate of 1.55%, a quarterly compounded rater of 4.25%, a semiannually compounded rate of 8%, or an annually compounded rate of 15%?
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Periodic interest
You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of
a weekly compounded rate of
a monthly compounded rate of
a quarterly compounded rater of
a semiannually compounded rate of
or an annually compounded rate of
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