Interest (Compound and Simple) Flashcards

1
Q

Simple Interest formula

A

I = prt

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2
Q

Compound Interest formula

A

A = p (1+r) t

*t is an exponent

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3
Q

Total value formula

A

p + I = A

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4
Q

Assets

A

things that help your net worth

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5
Q

Liabilities

A

things that hurt your net worth

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