Question

Calculus compound interest principal not specified

Answer 1

may hire employees. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgments against the business. All assets of the business belong to a sole proprietor, including, for example, a computer infrastructure, any inventory, manufacturing equipment, or retail fixtures, as well as any real property owned by the sole proprietor.

Answer 2

Answer:

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• ↪ Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

• ↪ 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.

• ↪ Interest can be compounded on any given frequency schedule, from continuous to daily to annually.

• ↪ When calculating compound interest, the number of compounding periods makes a significant difference.