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OpenStudy (anonymous):
you want to deposit $15000 in a bank at an interest rate of 7 percent per year what is the future value of this money after three years?
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OpenStudy (mathmale):
Kina: How about looking up the formula for compound interest? This formula involves P (the principal = the initial amount of $ deposited; A (the amount), A (the amount accumulated after t years), and r (the interest rate (expressed as a decimal fraction). Please type or draw the formula for A.
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