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In the periodic compound interest formula Upper A equals Upper P (1 plus StartFraction r Over n EndFraction )Superscript nt ​, what does the variable n​ represent?

Respuesta :

Answer:

The variable n represents the number of times in a year in which we compound the interest rate

Step-by-step explanation:

The periodic compound interest formula is given as;

A = P( 1 + r/n)^nt

The variable n represents the number of times in a year in which the interest rate is compounded

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