If the Interest Rate Is 0% for 10 Years, Then

question 141

True/False

If the interest rate is 0% for 10 years, then the present value will be less than the future value.

Understand and compute ordinary simple interest for loans using a 360-day year.

Calculate the total repayment amount (principal + interest) for short-term loans.

Estimate interest by rounding the principal to the nearest hundred dollars and using shortcuts for interest calculation.

Determine the principal amount or rate given other loan terms.

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