Chapter 5 – Finance - Cabrini University

you t in months then you need to divide the number of months by 12 to convert t into years. Equation #2: A = (P+Prt)=P*(1+rt) where: A = the future value - the total amount the borrower owes at the end of the loan period – this is Principal plus Interest. I = the amount of interest paid for borrowing the money ................
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