Published on: 2025-08-30 15:07:41
Stop using e for compound interest In a typical math class, e is introduced like this: Imagine a bank account with 100% yearly interest. This means that anything you deposit will be doubled a year later. The bank decides to compound interest twice yearly, instead of once per year. Then, every 6 months, your deposit will increase by 50%, letting you leave with 2.25 x the amount you put in. the amount you put in. The bank now decides to compound interest daily, meaning that your deposit will
Keywords: bank compound derivative year yearly
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