Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Appendix D - Time Value of Money - Brief Exercises - Page D-18: BED-3

Answer

total = principal + interest

Work Step by Step

The total amount accumulated includes the original principal and the interest that has been earned.
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