## Math Problem Statement

A 1-year loan with a 5% APR will have the most interest charged with what type of compounding?

## Solution

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## Math Problem Analysis

### Mathematical Concepts

Exponential Functions

Compounding Interest

### Formulas

Continuous compounding formula: A = P * e^(rt)

Other compounding formulas: A = P * (1 + r/n)^(nt)

### Theorems

Compound Interest Theorem

### Suitable Grade Level

Grades 10-12

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