se the following summary of notation used for simple and

Last updated: 2/14/2023

se the following summary of notation used for simple and compound interest to answer the PV principal or present value FV future or maturity value Tannual stated or nominal interest rate t number of years m number of compounding periods per year interest rate per period i n total number of compounding periods E effective rate APY What is the difference between r and i he annual interest rate r is only equal to the interest rate per period i if interest is compoun therwise i