me dont beleev APR=12%.
Yu talk bout akkount yu hav with a bank, weer bank pae yu interest
In tudaes werld, yu mite get 1% or 2% on yer savings
Me also dont beleev em pae yu "kontinyuus"...no bank du that
Month kompound is kommon or 1 time per yeer
If yu put in 100$/month with 1% interest for 1 yeer, yu will hav 1,206.52$ (interest kompound bi month)