The more frequent the rate of compounding,the more interest that is earned on previous interest,resulting in a higher future value.

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This is the concept of compounding interest, where the interest earned is added back to the principal amount, and the new amount earns interest, resulting in a higher future value. The more frequently the interest is compounded, the more times this process occurs, leading to a higher overall future value.

The More Frequent the Rate of Compounding,the More Interest That