Match the formula to the financial phrase, where
P is the principal or present value;
r is the nominal interest rate;
t is the time in years;
m is the number of compounding periods per year;
n is the total number of compounding periods;
A. P[(1+r/n)^m -1]
B. P[e^(rn) - 1]
C. P [e^(rt) - 1]
D. P [(1 + r/m)^n - 1]
E. Prt
F. None of the above
A or B or C or D or E or F is compound interest
A or B or C or D or E or F is continuous compound interest
A or B or C or D or E or F is simple interest
I tried E---simple interest, F---continuous compound interest and F---compound interest
which is wrong
Can someboby help me this answer??????THANKSSSS A LOT
P is the principal or present value;
r is the nominal interest rate;
t is the time in years;
m is the number of compounding periods per year;
n is the total number of compounding periods;
A. P[(1+r/n)^m -1]
B. P[e^(rn) - 1]
C. P [e^(rt) - 1]
D. P [(1 + r/m)^n - 1]
E. Prt
F. None of the above
A or B or C or D or E or F is compound interest
A or B or C or D or E or F is continuous compound interest
A or B or C or D or E or F is simple interest
I tried E---simple interest, F---continuous compound interest and F---compound interest
which is wrong
Can someboby help me this answer??????THANKSSSS A LOT
-
peter
D is compound interest
C is continuous compound interest
E is simple interest
Hope that helps
D is compound interest
C is continuous compound interest
E is simple interest
Hope that helps