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GoodOlTwoCoats:
Edward has deposited $847 in a savings account that earns interest at a rate of 2.2% compounded daily. What will the account balance be in 18 years?
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darkknight:
A=P(1+r/n)^(nt) I couldn't put nt together so replace y with nt. So t is time, P is the amount you begin with. R is interest rate. N is the rate at which it is compounded (in this case daily).
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