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math compound interest

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rigoberto invests $8,000 at 6% interest comp semiannually for 1 year. Use the compound interest formula

  • math compound interest -

    Suppose you put in a savings account at an APR of 6% compounded monthly. Fill in the table below rounding your answers to the nearest cent. (Calculate the interest and compound it by hand each month rather than using the compound interest formula.)

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