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July 2, 2015

Homework Help: Math

Posted by Mike on Tuesday, April 19, 2011 at 10:49am.

A=P(1+r)^2

A= interest
P= principle interest
r= interest rate
t= time in years

If $4500 invested at 7% interest compounded annually yeilds $15600, for how many years was the money invested?

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