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10 questions from this quiz
Money earned when lending or paid when borrowing
It is always calculated on the principal
Rate of interest per period as a decimal
1,600 USD
A=P+IA = P + IA=P+I
It calculates interest on interest
You earn interest on previously earned interest
A=P(1+r)nA = P(1 + r)^nA=P(1+r)n
0.075
36
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