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April 16, 2014

April 16, 2014

Posted by **Anonymous** on Tuesday, March 26, 2013 at 5:11pm.

- algebra 1 -
**Henry**, Wednesday, March 27, 2013 at 7:58pmP = Po(1+r)^n.

Po = $200.00

r = (5%/100%) = 0.05 = Annual % rate

expressed as a decimal.

n = 1Comp/yr * 8yrs = 8 Compounding

periods.

Plug the above values into the given Eq and get:

P = $295.49.

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