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

Business & Finance
Tutor: None Selected Time limit: 1 Day

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

A) True B) False

Apr 26th, 2015

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).

Apr 26th, 2015

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Apr 26th, 2015
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Apr 26th, 2015
Dec 9th, 2016
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