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17-08-2017
Mathematics

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What is the formula for finding the final balance of an account that earns interest compounded annually? State what each variable in the formula represents.

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fehringerh1 fehringerh1

17-08-2017

C=P[(1+r)^n-1]
C = COMPOUND INTEREST
P = PRINCIPAL
r = rate per period
n = number of periods

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