A principal sum ? is invested at a nominal interest rate r, compounded m times a

Question

A principal sum ? is invested at a nominal interest rate r, compounded m times a year, for n years. The accumulated amount at the end of this period will be In the formula ? = F(l+i)^-a middot, the factor (1+i)^-s is called the Sinking fund factor Single payment present worth factor Single payment compound amount factor Capital recovery factor Uniform series present worth factor A fund established to produce a desired amount at the end of a given period by means of a series of payments throughout the period is called a sinking fund, and it is represented by the formula

Explanation / Answer

1. C is Correct

2. B is Correct

3. A is Correct

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