Table 21.2: Table 21.2 Comparing Compound Interest: The Value of $1000, at 10% Annual Interest, for Different Compounding Periods*
Years Compounded
Yearly		 Compounded
Quarterly		 Compounded
Monthly		 Compounded
Daily		 Compounded
Continuously
1 1100.00 1103.81 1104.71 1105.16 1105.17
5 1610.51 1638.62 1645.31 1648.61 1648.72
10 2593.74 2685.06 2707.04 2717.91 2718.28
Table 21.2: *Without rounding at posting of interest and neglecting leap years; the difference in most cases is no more than 1 cent.