When dealing with a loan, who benefits from compounding interest more frequently, and why?
AThe lender benefits, because the interest compounded increases further interest calculations.
BThe lender benefits, because more compounds means that the borrower must pay more frequently.
CThe borrower benefits, because the interest gained can be used to pay off the loan.
DThe borrower benefits, because each increment of interest will be smaller.
AThe lender benefits, because the interest compounded increases further interest calculations.
BThe lender benefits, because more compounds means that the borrower must pay more frequently.
CThe borrower benefits, because the interest gained can be used to pay off the loan.
DThe borrower benefits, because each increment of interest will be smaller.