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March 24, 2017

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Suppose you had $1000 invested at 6% compounded annually for 26 years, what would the current value be?

  • Math - ,

    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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