Now, let's imagine that your money is recalculated every minute or second: the m became a considerably high number. It is easy to see how quickly the value of m is increasing if you compare yearly (m=1), monthly (m=12), daily (m=365), or hourly (m=8,760) frequencies. Let's assume that you deposit some money for a year in a bank where compounding frequently occurs, thus m equal to a large number.
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