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what is the compound interest formula

 Nov 5, 2014
 #1
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0.04166666666

 








Is the answer...







 Nov 5, 2014
 #2
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The compound interest formula is:  A  = P(1 + r/n)^(n·t)

where:     A  =  final amount              P  =  beginning amount         r  =  rate (as a decimal)

                n  =  number of times compounded per year                  t  =  number of years

 Nov 6, 2014

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