If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is:

If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is: Correct Answer $${\left( {1 + \frac{{\text{i}}}{{\text{m}}}} \right)^{\text{n}}}$$

Related Questions

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: