3 Answered Questions for the topic Principal

Principal

07/18/17

#### Determine the periodic deposit

Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit: $? at the end of every three...
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Principal

02/03/16

#### Given the Following Assumption

Given the following assumptions (principal = $700, APR compounded monthly = 3.50%, monthly payment = $60), suppose you invested for 30 years rather than just three, calculate your final balance to...
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02/01/14

#### The following formula is incorrect for compound interest with the symbols defined this way, can someone tell me why?

The following formula is incorrect for compound interest with the symbols defined this way, can someone tell me why?
Compound Interest is described by A = P(1+rm)^n, where P is the...
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