1) If you were to solve the periodic compounded interest formula A=P(1+r/n)^nt for the variable P, then what would the resulting present value formula be?
A) P=-A(1=r/n)^-nt
B) P=A(1=r/n)^-nt
C) P=A(1=r/n)^n/t
D) P=A(1=r/n)^nt
I don't think it could be A, and I'm not sure about the others, but I do think it's D. Is that correct?
A) P=-A(1=r/n)^-nt
B) P=A(1=r/n)^-nt
C) P=A(1=r/n)^n/t
D) P=A(1=r/n)^nt
I don't think it could be A, and I'm not sure about the others, but I do think it's D. Is that correct?
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the answer is B
P = A(1+r/n)^-nt
P = A(1+r/n)^-nt