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What's the compounded balance with p=$100.00, r=6% (annually), years=4

 Oct 13, 2017
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What's the compounded balance with p=$100.00, r=6% (annually), years=4

 

FV = PV [1 + R]^N

FV =$100[1 + 0.06]^4

FV =$100 x 1.06^4

FV =$126.25

 Oct 13, 2017

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