SOLUTION: Does continuous compounding increase or decrease the amount of time needed to save $10,000 at 12% annual interest when compared to other compounding periods available?

Question 998163: Does continuous compounding increase or decrease the amount of time needed to save $10,000 at 12% annual interest when compared to other compounding periods available?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

Compounding more frequently decreases the amount of time to achieve a fixed future value or increases the future value achieved at a fixed time.

John

My calculator said it, I believe it, that settles it

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