Formula Derivation of calculating R.D. account
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A = final amount.
P = principal amount (initial investment)
r = annual nominal interest rate (as a decimal, not in percentage)
n = number of times the interest is compounded per year.
t = number of years.
Answered by
1
Answer:
A = final amount.
- P = principal amount (initial investment)
- r = annual nominal interest rate (as a decimal, not in percentage)
- n = number of times the interest is compounded per year.
- t = number of years.
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