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Compound Interest 1.7

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cmarquardt94's version from 2016-09-07 23:51

Section

Question Answer
what is Po?initial amount deposited
what is r?the interest rate
what is P and t?P is the balance in the account after 't' years
what is the formula for something compounded Annually?P = Po (1 + r)^t
what is the formula for something compounded Continuously?P = Po(e)^rt
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