# Math

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Suppose you had \$1000 invested at 6% compounded annually for 26 years, what would the current value be?

• Math -

Pt = Po * (1 + r)^n
r = 0.06 = rate per compounding period.
n = 26 = the number of compounding periods.

Pt = 1000 * (1.06)^26 = 4549.38 =
principal after 26 yrs.

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