Chapter 1 (Quick Summary)

A = P(1 + r)t. Application of Quadratic Formula and Fractional Equations. Based on the compound interest formula A = P(1 + r)t, if you solve for P, the equation looks like: P = Problem: Gloria wants to get a BA degree in 3 years. After paying for her first year up front, she has $11,000 left to pay for the last 2 years. ................
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