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Question
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:
Options:
A .  (1 + i)n
B .  (1 + i)(1/2n)
C .  √(n + i)
D .  None of these
Answer: Option A

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