Some lending institutions compound interest daily or even continuously. (the term continuous compounding is used when interest is being added as often as possible—that is, at each instance in time.) the point of this exercise is to show that, for most consumer loans, the answer you get with monthly compounding is very close to the right answer, even if the lending institution compounds more often. for example, if you borrow $6780 from an institution that compounds monthly at a monthly interest rate of 0.67% (for an apr of 8.04%), then in order to pay off the note in 48 months, you have to make a monthly payment of $165.65. would you expect your monthly payment to be higher or lower if interest were compounded daily rather than monthly?

It will be higher on compounded daily than compounded monthly

Explanation:

At a higher compounding, the more interest are generated therefore, the cuota to pay the loan will be higher if the same rate compounds daily than monthly. That's because it capitalize more times during the period, generating more interest.

This find a limit in the continous rate, which generates interest instantly.

balanced lifestyle would be the type of lifestyle that fulfill all aspects of our life, including financial security, personal achievements, emotional balance, and intimate relationships with other people.

for me personally, the job that i would choose to achieve a balanced lifestyle is opening an online store.

online store can be managed from the comfort of our phone. if we are the owner of the store, we can determine our own working hours. we can arrange our working hours so we have time to do things such as taking care of children, cultivating romantic relationship, or do our hobby.

so they can see what that city is producing and to also see if they can some how get that product. like gold in africa.