Compound interest: monthly, annually, continuously
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Compound interest: monthly, annually, continuously
Find out how to calculate the amount in an account when money is deposited for a period of time and interest is compounded. Compounding can be a specific times per year or can be compounded continuously. For these cases you need to use A=P(1+r/n)^(nt) if compounded a specific number of times per year or A=Pe^(rt) if compounding is done ...
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