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Given the compound interest formula, A=P(1+r/n) ^m , do the following. (a) Solve the formula for r. (b) Find the annual rate r if $55.00
Given the compound interest formula, A=P(1+r/n) ^m , do the following.
(a) Solve the formula for r.
(b) Find the annual rate r if $55.00 grows to $82.38 in 6 years with interest compounded quarterly.
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Classical Theory Of Arithmetic Functions
Authors: R Sivaramakrishnan
1st Edition
135146051X, 9781351460514
