Fill in the blank. To find the amount A in an account after t years with principal P and an annual interest rate r (in decimal form) r \nt compounded n times per year, use the formula a = pl1+ n

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.4: Mathematical Induction
Problem 1E
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Fill in the blank.
To find the amount A in an account after t years with principal P and an annual interest rate r (in decimal form)
r \nt
compoundedn times per year, use the formula a = p[l+ =
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Transcribed Image Text:Fill in the blank. To find the amount A in an account after t years with principal P and an annual interest rate r (in decimal form) r \nt compoundedn times per year, use the formula a = p[l+ = Need Help? Read It
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