Economic Order Quantity (EOQ) Calculation
1year= $10,000 x .03 x 1= $10,300 FORMULA FOR CALCULATING INTEREST. Principle x Rate x Time (PRT) 2 year= $10,300 x .03 x 1= $10, 609. Compounding interest= Earning interest on interest that has been previously paid. 1.4 “OTHER FINANCIAL INTSTITUTIONS” DEFINITIONS: Depository intermediaries- a business that ................
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