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October 20, 2014

October 20, 2014

Posted by **jazmin** on Monday, December 12, 2011 at 5:11pm.

- math models -
**Anonymous**, Monday, December 12, 2011 at 6:28pmSum = P(1+i)^n

where Sum = the accumulated sum

P = the amount deposited

i = the periodic decimal interest rate

n = the number of compounding periods

Therefore, Sum = 5000(1+.06/2)^(5x2)

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