accumulation factor

noun

Definition of accumulation factor 

: the factor (1 + r) n by which any principal must be multiplied to give its amount at compound interest after n periods, r being the interest for one period the accumulation factor for 10 years at 6 percent compounded quarterly is (1.015)40

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First Known Use of accumulation factor

1894, in the meaning defined above

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The first known use of accumulation factor was in 1894

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