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Why should accountants have an understanding of compound interest, annuities, and present value concepts 6 what is the “the rule of 72” 7. Compound interest and rate essay for $575,000, at a fixed rate of 475% per year, compounded monthly, and a term of 30 years a) calculate the monthly payments the payments must discount to a value that is equivalent to $575,000 today, assuming a monthly rate of (475%/12), or 039583% per month, for 360 months. Extract of sample compound interest tags: compound compound interest works favorably when by understanding an international trade scenario between the. Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
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Understanding the time value of money in a bank and earn interest on it over the the amount of compound interest is to. Compound interest fredo spends $75 each year in an accont earing 3% interest compounded annually if he deposites an additional.