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nt The formula A = P | 1+ describes the accumulated value, A, of a sum of money, P, the table for a savings account

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nt The formula A = P | 1+ describes the accumulated value, A, of a sum of money, P, the table for a savings account subject to n compounding periods per year. Amount Number of Annual Interest Accumulated Time t Invested Compounding Periods Rate Amount in Years $13,500 4 6.25% $20,000

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