Compounding Principal Yearly Time Period Number Amount Total interest Period rate rate of period (r/n) (n) (P) (r) (t) (n.t) (A) (I) Annually [1] 1 000 9% 5 yrs. Semi- 1 000 9% 5 Annually [2] yrs. Quarterly [4] 500 8% 3 yrs. Monthly[12] 350 12% 5 yrs. 2.10 Recommend types of investments based on calculations TYPE OF INVESTMENT RECOMMENDATION 1 Shares 2 Business Investment
Compounding Period (n) Principal (P) Yearly rate (r) Time (t) Period rate (r/n) Number of period (n.t) Amount (A) Total interest (I) Annually [1] 1 000 9% 5 yrs. Semi- Annually [2] 1 000 9% 5 yrs. Quarterly [4] 500 8% 3 yrs. Monthly[12] 350 12% 5 yrs. 2.10 Recommend types of investments based on calculations TYPE OF INVESTMENT RECOMMENDATION 1 Shares 2 Business Investment
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