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GMAT Interest

by ejkiv

July 19, 2015

This is another one of the topics that you will likely see more of in your first year of business school than on the GMAT, but getting down a few pieces of terminology and understanding how they are used will make your stress level come down if you see one on the exam and during your first year finance class. Principle: The amount of an investment Simple Interest: Interest that is paid on the principle alone You do not have to memorize the formula above, but know that the interest am...

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