- #1
ecoo
- 86
- 2
Hello
So from what I understand, the continuous compound formula finds out the most you can get from interest no matter how many times you compound the interest in a set amount of time. So how come when I plugin in a big number into the regular compounding formula for the rate, the end amount is more than the amount I get when calculating with the continuous compounding formula? I think that it's a calculator inaccuracy, or is my view incorrect?
Thanks for the help!
So from what I understand, the continuous compound formula finds out the most you can get from interest no matter how many times you compound the interest in a set amount of time. So how come when I plugin in a big number into the regular compounding formula for the rate, the end amount is more than the amount I get when calculating with the continuous compounding formula? I think that it's a calculator inaccuracy, or is my view incorrect?
Thanks for the help!