When compounding interest, a common mistake is to add the interest to the: Question 1 Not yet answered Marked out of 1.00 Select one: O a. present value P Flag question O b. previous principal O c. original principal O d. future value Clear my choice Question 2 The primary difference between simple interest and compound interest is that: Not yet answered Marked out of 1.00 Select one: O a. only compound interest can be solved using a formula O b. simple interest is not concerned with a future value P Flag question O c. only compound interest is used to solve for a maturity value O d. compound interest involves more than one interest period Clear my choice Question 3 What formula best describes the calculation of present value for an amount compounded annually? Not yet answered Select one: Marked out of 1.00 O a. PV = P xRxT Flag question O b. present value divided by 1 + interest rate O c. maturity value - compound interest O d. maturity value divided by 1 + interest rate