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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 17
What is compound interest? How does it relate to the formula X t = (1 + i) t X 0 ? What is present value? How does it relate to the formula X t /(1 + i) t = X 0 ?
Explanation
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Compound interest is the term used to de...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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