If $P is invested at 100r% compounded annually, the amount A present after n years forms a

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If $P is invested at 100r% compounded annually, the amount A present after n years forms a geometric sequence with common ratio 1 + r. Write a formula for the amount present after n years.

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 08:48 AM

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If $P is invested at 100r% compounded annually, the amount A present after n years forms a

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1 r P 1 r 2 P This ...View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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