What is the formula for lost income cost?
What is the formula for lost income cost?
A . I = i/365 x P x t, where: I = Income earned I = annual percent loss of return P = Principal amount) in dollars) available for investment t = time (in days) during which P is available for investment
B. I = i/365 x P x t, where: I = Income lost I = annual percent rate of return P = Principal amount) in dollars) available for investment t = time (in days) during which P is available for investment
C. I = i/365 x P x t, where: I = Income earned I = annual percent rate of return P = Principal amount) in dollars) available for investment t = time (in days) during which P is available for investment
D. I = i/365 x P x t, where: I = Income earned I = annual percent rate of return P = Principal amount) in dollars) lost on investment t = time (in days) during which P is available for investment
Answer: C
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