In the formula A1t 2 PA1 rnBnt for compound interest theletters P, r, n, and t stand for
Chapter 4, Problem 4(choose chapter or problem)
In the formula A1t 2 PA1 rnBnt for compound interest theletters P, r, n, and t stand for , ,, and , respectively, andA1t 2 stands for . So if $100 is invested at aninterest rate of 6% compounded quarterly, then the amountafter 2 years is .
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