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Banking Unit

Savings Account: Compound Continuous

TermDefinition
Interest Money paid or earned for the use of the money
Principal The original money saved/borrowed
Irrational number A number that cannot be written as a simple fraction. It is a decimal that never repeats and never ends.
natural base e a constant, irrational number (~2.718)
Formula for compounding continuously A=Pe^rt
Future Value Ending amount
Created by: yelena585
Popular Finance sets

 

 



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