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Provide an Appropriate Response A=P(1+APRn)nYA = P \left( 1 + \frac { A P R } { n } \right) ^ { n Y }

Question 57

Multiple Choice

Provide an appropriate response.
-What is the compound interest formula for interest paid more than once a year?


A) A=P(1+APRn) nYA = P \left( 1 + \frac { A P R } { n } \right) ^ { n Y }
B) A=P×(1+APR) nY\mathrm { A } = \mathrm { P } \times ( 1 + \mathrm { APR } ) ^ { \mathrm { n } Y }
C) A=P(1+APRY) YA = P \left( 1 + \frac { A P R } { Y } \right) ^ { Y }
D) A=P×(1+APR) Y\mathrm { A } = \mathrm { P } \times ( 1 + \mathrm { APR } ) ^ { \mathrm { Y } }

Correct Answer:

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