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raimelgarcia5 Group Title

Pierre deposited $9,875 into a savings account 23 years ago. The account has an interest rate of 2.7% and the balance is currently $18,374.86. How often does the interest compound? I know the formula to be A=P(1+r/n)nt , but i dont know the part when it comes to logs... how to solve it? please guide me through.. thxs :)

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spraguer (Moderator)
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