Question:
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](https://media.kunduz.com/media/sug-question-candidate/20230214192536939438-5352990.jpg?h=512)
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