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Marzattack

  • 4 years ago

Phillip deposited $7,775 into a savings account 14 years ago. The account has an interest rate of 4.5% and the balance is currently $14,398.87. How often does the interest compound?

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  1. Marzattack
    • 4 years ago
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    I have a formula of A=p(1+apr/n)n times y and I'm plugging in the numbers but I keep getting 3.508.443

  2. Eric_Playsinacoolway
    • 4 years ago
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    annually

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