Match the formula to the financial phrase, where
P is the principal or present value;
r is the nominal interest rate;
t is the time in years;
m is the number of compounding periods per year;
n is the number of compounding periods;
A.P[(1+r/n)^m -1 ]
B. P[(1+r/m)^n - 1]
C.P[e^rn -1]
D.P[e^rt -1]
E. Prt
F.None of the above
which one is simple interest ? I get this one should be E
which one is continuously compound interest?
which one is compound interest ?