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Text File | 1994-06-12 | 462 b | 22 lines | [TEXT/HAks] |
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- Compound Interest
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- This is the formula for the value of an investment
- that compounds annually:
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- yr(n) = p * (1 + i)^n * $
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- i = .07 .............. Interest Rate
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- p = 2000 .............. Principal
-
- $ = fix(2,1) ......... A formatting constant.
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- Values at the end of the year:
-
- yr(1) =
- yr(2) =
- yr(3) =
- yr(4) =
- yr(5) =
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