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Posted on Aug 18, 2024

On March 1 5 , 2 0 0 6 , Jeremy invested $ 2 6 0 0 at j 1 2 = 1 3 %

On March

15, 2006,

Jeremy invested $

2600

j_{12} = 13 % .

How much money does Jeremy have on September

12, 2010

Answer: $

Note: The practical

(

or approximate

)

method is the default method when dealing with "fractional time"

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