Let the principal be p (USD) and let annual interest rate be a %. Put the total
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Let the principal be p (USD) and let annual interest rate be a %.
Put the total amount (balance) after n years,
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Sn: under the system of simple interest Yn under the system of yearly compound interest hn under the system of half-yearly (semi-annual) compound interest In: under the system of quarter-yearly (quarter annual) compound interest mn:under the system of monthly compound interest Cn: under the system of continuous compound interest. Sn: under the system of simple interest Yn under the system of yearly compound interest hn under the system of half-yearly (semi-annual) compound interest In: under the system of quarter-yearly (quarter annual) compound interest mn:under the system of monthly compound interest Cn: under the system of continuous compound interest.
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Lets calculate the values step by step Given Principal p 1000000 Annual interest rate a 12 First wel... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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