Q. 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: (Solved)
1. (1 + i/m)n
2. (1 + i/n)m
3. (1 + i/n)1/m
4. (1 + i/m)1/n
- a. (1 + i/m)n