Solve for principal amount.
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Future dollar amount after a period of time |
A | = | future value |
P | = | present value |
i | = | interest rate |
n | = | years |
q | = | number of compounds per year |
Future dollar amount after a period of time |
A | = | future value |
P | = | present value |
i | = | interest rate |
n | = | years |
simple interest equal to the compounded interest during the year |
r | = | annual percentage rate |
i | = | interest rate |
q | = | number of time compounded per year |
simple interest equal to the compounded interest during the year |
P | = | principal after n years |
M | = | deposit amount per period |
i | = | interest rate |
q | = | number of periods in a year |
n | = | number of years |
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