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Chapter 5 – Finance - Cabrini University

Simple Interest Loans (Section 5.1) : Simple Interest involves a single payment and the interest computed on the principal only. The equation for simple interest is a linear function. If the problem refers to a simple interest rate, then you know you need to use simple interest rate formulas. Equation #1: : Pr where I = t

  Finance, Section, Chapter, Interest, Section 5, Chapter 5 finance