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3.5 Compound Interest Formula

3.5 Compound Interest Formula. Imagine you deposit $10,000 in a five-year cd . The account pays 5.2% interested compounded daily. How much will your $10,000 investment be worth by the end of the 5 years?. Compound Interest Formula. B = ending balance. p = principal. r = interest rate.

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Barbara deposits - PowerPoint PPT Presentation

3.5 Compound Interest Formula