to what amount will $4800 invested for 10 years at 10 percent compounded actually accumulate
Added by Joseph C.
Step 1
- \( P \) is the principal amount (the initial amount of money). - \( r \) is the annual interest rate (decimal). - \( n \) is the number of times that interest is compounded per year. - \( t \) is the time the money is invested for in years. In this case: - \( P Show more…
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