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12 questions from this quiz
Interest on principal & accumulated interest
The original amount invested
It's calculated on the growing total
F=P(1+i)nF = P(1 + i)^nF=P(1+i)n
The multiplier
1.075
€678.43
Rate =(Interest÷Principal)×100%= (\text{Interest} \div \text{Principal}) \times 100\%=(Interest÷Principal)×100%
Losing value over time
Always less than 1
Annual Equivalent Rate
€80,000
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