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The compound interest equation is A = P ( 1 + i ) n . Solve this equation for P . ( 1 pt )
The compound interest equation is A Pin
Solve this equation for P pt
Using the equation in part a solve the following problem: An investment is made into an account paying interest compounded monthly for years. At the end of the term, the investment will be worth $ What was the initial investment? pts
Solve the same problem in question b using a TVM solver. Write down the inputs you made on the calculator and put a question mark for the unknown. pts
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