Boy Mow Chau's answer to Shei Ling's Secondary 3 E Maths Singapore question.
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when the compounding period is not one year, we do not use the per annum interest rate directly in the calculation.
instead, we need to calculate an "adjusted interest rate" based on the length of the compounding period.
instead, we need to calculate an "adjusted interest rate" based on the length of the compounding period.
Date Posted:
4 years ago
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