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anonymous
 one year ago
A savings account compounds interest, at a rate of 15%, once a year. Elizabeth puts $800 in the account as the principal. How can Elizabeth set up a function to track the amount of money she has?
anonymous
 one year ago
A savings account compounds interest, at a rate of 15%, once a year. Elizabeth puts $800 in the account as the principal. How can Elizabeth set up a function to track the amount of money she has?

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Do you know the formula for compound interest?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0\[F = P (1+\frac{ r }{ n })^{nt}\]

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Oh i remember now, thank you

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0F is your future value. r is the annual rate, n is the number of compounds per year, t is the time in years

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Great. Do you know how to write the equation?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Welcome to OpenStudy! If you believe this response was helpful, please feel free to award a medal.
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