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An initial investment amount P, an annual interest rate r, and a time t are given. Find the future value of the investment when interest
An initial investment amount P, an annual interest rate r, and a time t are given. Find the future value of the investment when interest is compounded (a) annually, (b) monthly, (c) daily, and (d) continuously. Then find (e) the doubling time T for the given interest rate. P=$5500, r=2.15%, t = 5 yr
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