Effective Rate of Interest (Introduction & How to Calculate)
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YouTubeHouston Math Prep
Effective Rate of Interest (Introduction & How to Calculate)
This math tutorial video explains effective rate of interest for compound interest, with both discrete and continuous compounding. We show our table from our compounding interest intro video, where we compounded quarterly at a particular interest rate, and we show how the effective interest rate is actually higher than the stated rate for the ...
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