Sum up the effect of changing the compounding period
Question: Sum up the effect of changing the compounding period on the future value of a single sum. Describe briefly why this effect appears reasonable.
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Sum up the effect of changing the compounding period on the future value of a single sum. Describe briefly why this effect appears reasonable.
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What effect do you think that changing the compounding period of an annuity would have on its future value.
The Paymore Rental Car Agency rents cars in the small town. It wants to find how many rental cars it should maintain. Make a simulation experiment for car agency and simulate using the fleet of four rental cars for ten days.
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