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Mathematics 11 Online
OpenStudy (anonymous):

$100,000 for 20 years compounded at 4 percent annually results in a rate per period of:

OpenStudy (anonymous):

The Compound Interest Equation P = C (1 + r/n)^nt where P = future value C = initial deposit r = interest rate (expressed as a fraction: eg. 0.06) n = # of times per year interest in compounded t = number of years invested When compounded annually, the equation can be simplified to: P = C (1 + r)^t P = 100000(1.04)^20 P = 219112.31 Not really sure what you mean by rate per period.

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