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| | Compound Interest (Site not responding. Last check: 2007-10-19) |
 | | You should be able to associate each of the parameters with a letter (or in some cases more than one) such as: A, FV,i, m, n, P, PV, r, R, S, or t. |
 | | For this item, assume the principal is unknown and that, after 54 months, there is a compound amount of $5000, with the nominal rate being 10 percent. |
 | | How long, in years and months, will it take for this amount to compound to the $2800 required for a premium computer system, if it is invested with interest at 7.5 percent, compounded monthly? |
| www.svsu.edu /~tierman/AT20Bcompint.htm (323 words) |
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