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4/3/2016 4:37:21 PM
6
What will the loan accumulate to if it's $2000, compounded monthly, interest rate of 4% over 3 years?
English
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A = P(1+r/n)^nt A = 2000(1+.04/12)^3x12 A = 2254.54 dollars. Easy.
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[quote]A = P(1+r/n)^nt A = 2000(1+.04/12)^3x12 A = 2254.54 dollars. Easy.[/quote]College student?
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I learned this in 8th grade..
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Junior in high school. I have a 103 average but am in Algebra 2. Nearly-perfect test average.
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*shivers in fear*
