deserve more views and subscribers.. right Skills and right Resources.
@SubashBhandari-ps8mn
Жыл бұрын
awesome explanations. Much appreciated.
@directhubfeexam
Жыл бұрын
Thank you!
@peterwilliams8911
Жыл бұрын
Good day sir, I have a question pertaining to geometric series. Why is the formula A1 (1 + i) ^n-1 used to calculate the size of an nth payment in a gemetric series rather than F given A1 ?
@peterwilliams8911
Жыл бұрын
Good day sir, if you have monthly compounding, how do you know if to use the effective interest rate or the interest rate per period in the problem?
@directhubfeexam
Жыл бұрын
Very good question!!! You would use the effective annual interest rate if the problem is analyzed based on a yearly time period. You would use the interest rate per period if the problem is analyzed based on any period other than a yearly period (months, days, quarters, etc).
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