Question
a. Use the compound interest formula, A = P(1+i)n , to find the unknown value. i) A = ?, P = $1200, i = 0.06,
a. Use the compound interest formula, A = P(1+i)n , to find the unknown value. i) A = ?, P = $1200, i = 0.06, n = 20 ii) A = $8000, P = ?, i = 0.05, n = 12 5A b.
b. Use the formula, A = P + i, to determine the amount of interest earned if the principal is $1900 and the amount is $2250.
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Canadian Public Finance
Authors: Genevieve Tellier
1st Edition
1487594410, 978-1487594411
