Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.4 Compound Interest - Concept and Vocabulary Check - Page 520: 11

Answer

True

Work Step by Step

At a given annual interest rate, your money grows faster as the compounding period becomes shorter.
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