WHAT YOU NEED TO KNOW about Compounding Continuously |  Contemporary Mathematics
Channel: MathHub TV
Date: 2021-03-16

In this video,  I will teach you what you need to know about compounding continuously.  This lesson is part of our series in Contemporary Mathematics.

First, I will give the formula for continuous compound interest.  Then, we will discuss the problem below to help us analyze which investment to take.  

You decide to invest $8000 for 6 years and you have a choice between two accounts. The first pays 7% per year, compounded monthly. The second pays 6.85% per year, compounded continuously. Which is the better investment?

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