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Rounding can cause significant error in the compound interest formula. For $ 5 0 , 0 0 0 . 0 0 invested at 6 %
Rounding can cause significant error in the compound interest formula. For $ invested at interest compounded weekly, the formula is
and the number in the parentheses is to nine decimal places.
Part:
Part of
Calculate the future value after years without rounding any intermediate calculations: enter the calculation just as it looks above. Round your answer to
the nearest cent.
The future value after years without any intermediate rounding is $
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