MATH 120: Intermediate Algebra
The following formula is the compound interest formula for continuous compounding. Compound Interest Formula. where. P = principal (the original amount of money invested at time t = 0). r = annual (yearly) interest rate in decimal . t = the number of years the money grows. A = the future amount (the amount of money the investment grows to) Example 8: Suppose $5000 was invested at 7% annual … ................
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