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August 1, 2014

August 1, 2014

Posted by **Denise** on Monday, June 17, 2013 at 11:09pm.

- Math -
**Henry**, Wednesday, June 19, 2013 at 7:59pmP = Po(1+r)^n.

r = 11%//100% = 0.11 = Annual % rate expressed as a decimal.

n = 1comp./yr. * 14yrs.=14Compounding

periods.

Plug the above values into the given Eq and solve for P.

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