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Provide an Appropriate Response A=P×(1+APR)Y\mathrm { A } = \mathrm { P } \times ( 1 + \mathrm { APR } ) ^ { \mathrm { Y } }

Question 219

Multiple Choice

Provide an appropriate response.
-What is the general form of the compound interest formula for interest paid once a year?


A) A=P×(1+APR) Y\mathrm { A } = \mathrm { P } \times ( 1 + \mathrm { APR } ) ^ { \mathrm { Y } }
B) A=PAPR×YA = P - A P R \times Y
C) A=P×APRY\mathrm { A } = \mathrm { P } \times \mathrm { APR } ^\mathrm { Y }
D) A=P×APR\mathrm { A } = \mathrm { P } \times \mathrm { APR }

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