taeismyhusband03
taeismyhusband03 taeismyhusband03
  • 14-05-2020
  • Mathematics
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How do you calculate compound interest? Please help me understand this

Respuesta :

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gfjgfhegdyu gfjgfhegdyu
  • 14-05-2020

Answer:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one

Step-by-step explanation:

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