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0.05 12t 4. Describe in a sentence what the following formulas tell you about the value of the investments it describes: a. B = P(1+

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0.05 12t 4. Describe in a sentence what the following formulas tell you about the value of the investments it describes: a. B = P(1+ P(1+ 0.04 b. B = P(1+ 12 365t 365 5. If you put $1000 into an account that earns 3.5% compounded continuously, about how long does it take to triple your money

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