Some articles on daily compounding:
... A loan with daily compounding will have a substantially higher rate in effective annual terms ... For a loan with a 10% nominal annual rate and daily compounding, the effective annual rate is 10.516% ...
Famous quotes containing the word daily:
“There was a heavy power in her eyes which laid hold of his whole being, as if he had drunk some powerful drug. He had been feeling weak and done before. Now the life came back into him, he felt delivered from his own fretted, daily self.”
—D.H. (David Herbert)