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What do the variables in this equation mean V = P [1 + (r/m)^mt]? |
it says where V is the calculated compound interest, P is the initial investment, r is the interest rate, m is the number of times the interest is compounded per year, and t is the number of years. What would have been the difference between interest compounded annually and quarterly at 5%, 8%? log(v)=log(1700) +(220m*log(1+.05/m)) |
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