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OpenStudy (anonymous):
Find the final amount for the investment: $1,000 at 6% interest compounded annually for 20 years
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OpenStudy (mertsj):
\[A=P(1+\frac{r}{n})^{nt}\]
OpenStudy (mertsj):
P = principal r = interest rate n= number of compounding periods per year t = time in years A= amount at time t
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