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OpenStudy (anonymous):
Anyone good with Compound Interest Formula's?
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OpenStudy (anonymous):
You invest $5178 in an account that earns interest at an APR of 4.1%, compounded monthly. Determine the accumulated balance after 8 yrs.
OpenStudy (anonymous):
A= p(1+r/100)^n
OpenStudy (anonymous):
p= principal r= rate n= number of conversion periods a= amount formula= A= p(1+r/100)^n
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