If the principle p is the total amount of money invested
A = P (1 + r/n) (nt)
Let m=nt. Let R be the payment per period. If the principle P is the total amount of money invested, briefly explain why R=P/m. Hint: P is the total amount and m is number of compoundings.
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a p 1 rnnbspnt let mnt let r be the payment per period if the principle p is the total amount of money invested
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