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Q: What is the amount of money paid or earned for the use of money?

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Also, I have to use the formula: Use the compound interest formula A = P (1 + i)n, where A is the accumulated amount, P is the principal, i is the interest rate per year, and n is the number of years.

All the properties of multiplication may be used with money.

money, finance,etc

We use interest calculations to make valid comparisons among amounts of cash paid or received at different times.

the banks use math so they can get their pay and count money

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Interest is earned or paid for the use of money

simple intrest

Market price

Market price

Market price

Interest.

Paid in Capital is the amount of investment a shareholder has contributed to the business for use and earned capital is the amount of profit that has been generated by the business itself. It must be separate for investor and shareholder information so that the difference between the two can be clearly stated.

rent paid for the use of money is called what?

Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.

Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.

Interest.

When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.

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