1._______________ are essentially a series or fixed payments required from you or paid to you at a specified frequency over the course of a fixed time period.
a.Annuities
b.percentage interest
c.simple interest
d.compound interest
2.If the original principal is p Naira and if the interest is compounded annually at the rate of r per year, then at the end of the first year the new principal will be …
a.\\(P(1+r)^{2}\\)
b.P(1+rn)
c.p(1+r)
d.P+r
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