11) The future value minus the principal is equal to the compound interest. A) T

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zrarsrr2x12

Business Finance

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11) The future value minus the principal is equal to the compound interest. 

A) True B) False

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Explanation & Answer

True; the principal is what the current value of the loan is. The future value is the present value with the interest added (which is compounded, interest upon interest).


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