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Q. |
If ‘P’ is principal amount, ‘I’ is the rate of interest per annum and ‘n’ is the number of periods in years, the compound amount factor (CAF) is: |
A. | (1 + i)n |
B. | (1 + i)(1/2n) |
C. | v(n + i) |
D. | None of these |
Answer» A. (1 + i)n |
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