Question

TO FIND THE COMPOUND INTEREST WHEN TIME IS NOT AN EXACT NUMBER OF YEARS, INTEREST BEING CALCULATED ANNUALLY
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Answer 1

Answer:

Step-by-step explanation:

Calculating the Time-Period (or Number of Years) The most difficult part in compound interest is calculating the number of years to come up with the expected amount. The computation involves the use of logarithms. ... 1) Future amount, principal, nominal rate of interest and number of periods per year should be given