The more frequently at any given rate interest is compounded the more actual interest dollars it will produce. true or false.

The given statement is true.

Step-by-step explanation:

The more frequently interest is compounded, the greater the amount of money is accumulated in that account.

If we compare an account being compounded yearly and monthly, we will find that the account that compounds monthly, will yield more money.

For example:

Lets say p = 1000

r = 5%

t = 1

n = 12

When account is compounded annually, n = 1

We get the following formula:

A = $1050

When account is compounded monthly.

=>

A = $1051.166

We can see that monthly compounded will have more interest than the yearly one.

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step-by-step explanation:

first, we define the variables:

x: number of years after 1950

f (x): amount of vinyl sold.

then, with the variables defined, we have:

68594 vinyl records were sold in 1958 > f (8) = 68594

91299 vinyl records were sold in 1961 > f (11) = 91299

38720 vinyl records were sold in 1952 > f (2) = 38720

161743 vinyl records were sold in 1967 > f (17) = 161743

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step-by-step explanation: