How many times a year is interest compounded?
By IndianMoney , 8 months ago
IndianMoney
8 months ago
Types of Compounding Interest: 1. Annual compounding: Interest is calculated and paid once a year. 2. Quarterly compounding: Interest is calculated and paid once every three months. 3. Monthly compounding: Interest is calculated and paid each month. Daily 4. compounding: Interest is calculated and paid every day.
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