Business Analysis:
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- Use the simple interest formula
I=PRT - Use The formula R=I/PR
- Use the simple interest formula
- Use the formula I=PRT and add that to the regular amount
- Use the formula I=PRT, True rate = discount rate / price – discount
- a. FV = PV(1 + R/12)6
b. FV – 4K
c. Effective rate = (1 + R/12)12 – 1 - a. FV = PV(1 + R/365)183
b. FV – 4K
c. Effective rate = (1 + R/365)365 – 1 - Recommendation