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Vihaan has invested $115,400 for a period of three months at an interest rate of 1.1% per month. Assume all months are of equal
Vihaan has invested $115,400 for a period of three months at an interest rate of 1.1% per month. Assume all months are of equal length. At the end of three months, the extra interest Vihaan will earn if compound interest is used, instead of simple interest, is closest to:
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Answer To calculate compound interest we can use the formula A P1 rnnt Where A i...
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
