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10 questions from this quiz
A=P(1+i)nA = P(1 + i)^nA=P(1+i)n
Calculated only on original principal
A=P(1−in)A = P(1 - in)A=P(1−in)
Principal and previously earned interest
Principal (initial amount)
Stated annual rate without compounding
Effective rate is always higher
Number of compounding periods per year
9.12%
Effective annual rates
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