Posted by **need help** on Saturday, March 10, 2007 at 7:31pm.

The formula for calculating the amount of money returned for an initial deposit money into a bank account or CD (Certificate of Deposit) is given by

A is the amount of returned.

P is the principal amount initially deposited.

r is the annual interest rate (expressed as a decimal).

n is the compound period.

t is the number of years.

Carry all calculations to 6 decimals on all assignments then round the answer to the nearest cent.

Prt = A

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