Question: When calculating accrued interest over several years that compounds annually, you must _____. (1 point) Responses calculate a new principal each year, adding in the
When calculating accrued interest over several years that compounds annually, you must _____. (1 point) Responses calculate a new principal each year, adding in the accrued interest from the previous year calculate a new principal each year, adding in the accrued interest from the previous year use the I = Prt formula where t = the number of years use the I = Prt formula where t = the number of years calculate the interest for each year and add all the years' interest amounts to the original principal calculate the interest for each year and add all the years' interest amounts to the original principal none of the above
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