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10 questions from this quiz
Interest on principal + past interest
FV=PV(1+r)nFV = PV(1 + r)^nFV=PV(1+r)n
0.0750.0750.075
969696
0.007080.007080.00708
I=FV−PVI = FV - PVI=FV−PV
Finding initial investment needed
Must match compounding period
FV>PVFV > PVFV>PV
Time and rate
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