Question 538442
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Compounded Monthly:


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ A\ =\ P\left(1\ +\ \frac{r}{12}\right)^{12t}]


Where *[tex \LARGE A] is the value now, *[tex \LARGE P] is the value of the initial investment, *[tex \LARGE r] is the interest rate expressed as a decimal (the given percentage divided by 100), and *[tex \LARGE t] is the number of years of the investment.


Just plug in the numbers and do the arithmetic.  Hint:  The "x^y" button is handy for raising somethig to the 3600th power.


John
*[tex \LARGE e^{i\pi} + 1 = 0]
My calculator said it, I believe it, that settles it
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