MATH 120: Intermediate Algebra
Continuous Interest Formula: where: P = Original principal. S = Compound Amount. r = annual interest rate (APR) n = time in years. Suppose $1000 is invested for 10 years at 6% compounded quarterly. Find the compound amount and compounded interest. Suppose $6000 is invested for 2 years at compounded monthly. Find the compound amount and ... ................
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