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OpenStudy (anonymous):
Find The Balance $17,500 at 17% compounded annually for 6 years
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OpenStudy (anonymous):
Formula to use is: A = P( 1 +r/n)^(nt) \[A=P \left( 1+{r\over n} \right)^{nt}\] Principal = 17500 rate r = 0.17 annually n = 1 tme t = 6 Substitute and then use a calculator.
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