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what do you use for one year as k in the formula a=p(1+r/k)^kt

 Jan 16, 2017
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'k' is the number of times the loan/deposit interest is compounded per year      and 't' is the number of years

      ' r' is the DECIMAL interest rate

 Jan 16, 2017
edited by ElectricPavlov  Jan 16, 2017
edited by ElectricPavlov  Jan 16, 2017

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