Some banks advertise that money in their accounts is compounded continuously. To get an understanding of what this​ means, divide the year into 100,000 compounding periods per year. Apply the compound...

Some banks advertise that money in their accounts is compounded continuously. To get an understanding of what this​ means, divide the year into 100,000 compounding periods per year. Apply the compound interest formula for finding future value to approximate what the effective yield would be if the compounding were done continuously for the stated nominal yield.

nominal​ yield, 25​%