Posted by Linda on Friday, August 6, 2010 at 1:55pm.
Pt = Po * (1 + r)^n
r = 0.06 = rate per compounding period.
n = 26 = the number of compounding periods.
Pt = 1000 * (1.06)^26 = 4549.38 =
principal after 26 yrs.
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