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In this video I will explain and find the effective rate of interest of an $1000 investment at 5% for 1 year compounded monthly and daily.
Next video in this series can be seen at:
[ Ссылка ]
![](https://i.ytimg.com/vi/jztNjV3vo4o/maxresdefault.jpg)
Visit [ Ссылка ] for more math and science lectures!
In this video I will explain and find the effective rate of interest of an $1000 investment at 5% for 1 year compounded monthly and daily.
Next video in this series can be seen at:
[ Ссылка ]