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Compound Interest

1. Calculate the return (A) if the bank compounds daily (n = 365). Round the answer. using this formula:
A=P(1+r/n)^ nt

2. If a bank compounds continuously, then the formula takes a simpler, that is A= P e(n)squared where e is a constant and equals approximately 2.7183. Calculate A with continuous compounding

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You have not indicated the principal, rate of interest and time
Let ...

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Answers questions on Compound Interest

$2.19