anonymous
  • anonymous
Please help! Ill fan and medal! The principal P 0 is invested in an account that pays an annual interest rate r (written as a decimal), compounded n times per year. Explain why the amount of money in the account at the end of the first year is given by the formula with n as the exponent: P=Po(1+r/n)^n
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
sorry
Setsuna-Yuregeshi
  • Setsuna-Yuregeshi
Well,first, do you know what the r stands for? What does the n stand for?
anonymous
  • anonymous
@Setsuna-Yuregeshi n is the numbr of times it is compounded and r is the annual interest rate

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anonymous
  • anonymous
So p^r +n =1r

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