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math 1. Suppose I give you SI to invest, and I advertise that I will give you 100% interest annually (r=100%). Fill in the missing
math
1. Suppose I give you SI to invest, and I advertise that I will give you 100% interest annually (r=100%). Fill in the missing components of the table: Key points: - The more frequently the interest is compounded, the larger the retum. However, the retum does not get infinitely large. - If we have an initial investment with principal P, an annual interest rate r,n being the number of times per year the interest is compounded, after t years the investment will grow to A=P(1+)nt - If we have an initial investment with principal P and a continuous interest rate r, after t years the investment will grow to A=Pert Step by Step Solution
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