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Visual tools to organise financial problems with interest
How often interest is compounded per year
4
12
2
n=years×pn = \text{years} \times pn=years×p
i=annual ratepi = \frac{\text{annual rate}}{p}i=pannual rate
A=P(1+in)A = P(1 + in)A=P(1+in)
A=P(1+i)nA = P(1 + i)^nA=P(1+i)n
Subtract amount + interest it would have earned
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