Compound interest on TI Nspire - Math Exams
r = interest rate n = the number of years k = the number of compounding periods per year Example 1 Pauline invests $6000 in a bank offering 4% interest compounded annually. a) Calculate the amount of money she has after 8 years. Pauline then withdraws all her money and places it in another bank that offers 4% interest per annum compounded monthly. ................
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