Which formula is correct for the compound interest calculation? Select one: a. P = F(1+i)^-n b. P = F/(1+in) c. P = F/(1+i/n)

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter1: Starting A Proprietorship: Changes That Affect The Accounting Equation
Section1.2: How Business Activities Change The Accounting Equation
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Which formula is correct for the compound
interest calculation?
Select one:
a. P = F(1+i)^-n
b. P = F/(1+in)
c. P = F/(1+i/n)
Transcribed Image Text:Which formula is correct for the compound interest calculation? Select one: a. P = F(1+i)^-n b. P = F/(1+in) c. P = F/(1+i/n)
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