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October 2, 2014

October 2, 2014

Posted by **Michelle** on Friday, April 20, 2012 at 4:43pm.

- Math -
**Henry**, Sunday, April 22, 2012 at 3:38pmP = Po(1+r)^n.

r = 0.06 = APR expressed as a decimal.

n = 1comp/r * 2yrs = 2 Compounding periods.

P = 20000(1.06)^2 = $22472.00.

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