Batman1000
Batman1000 Batman1000
  • 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 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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