If an individual deposits an amount at a compound interest rate of r percent per year for a time period of T years,then: ________.
A) Future value = (1 − r) ᵀ × (Principal)
B) Future value = (1 + r) /T × (Principal)
C) Future value = (1 ‒ r) /T × (Principal)
D) Future value = (1 + r) ᵀ × (Principal)
Correct Answer:
Verified
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