0
monthly compounding is the better way to go, because your money earned through 7% monthly is compounded the next month with the original 7% monthly plus the new amount. Each month there after includes all the previous months and end the end of one year, you are ahead of the amount than a one time 7% annual compound.
Still curious? Ask our experts.
Chat with our AI personalities
ReneChange my mind. I dare you.
Chat with Rene
CoachSuccess isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
ProfessorI will give you the most educated answer.
Chat with ProfessorAdd your answer:
Earn +20 ptsQ: Adjust the annual formula for a future value?
Write your answer...
Submit
Still have questions?
Trending Questions
What is computer priracy?
What is in the middle of middle and end of end?
Why does my computer turn off during windows xp installation?
What does an address tell?
Different notation in data flow diagram?
What type of software works with the system to specific tasks such as word processing and spreadsheets?
How do you delete the files i visited yesterday?
How do you fix file integrity error?
Calculate shapes in inches into square feet?
What are the disadvantages of photocopying?
Why is there an i in front of an iPad?
How does creatine improve athletic performance?
Which one of the following word processing feeatures saves you the most time when keying a document?
What is an eighth of a cup in fluid ounces or ml?
How do you make a infinity symbol on a laptop?
How do you reset a 4G Verizon Android tablet?
A lot of my games on PC freeze after 5 - 20 minutes of play time. I hear sound distortion game lags a little and then will either freeze or go to windows blue screen. Any idea what the problem is?
How much 1 liter in lbs?
What is the latest facial surgery available now?
How does system clock speed affect a computer speed?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.