Principal: ? Rate: 3% Time: 8 Compound interest: ? Maturity Value: ?
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Principal: ? Rate: 3% Time: 8 Compound interest: ? Maturity Value: ?
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Answer:
Step-by-step explanation:
P = principal amount (the initial amount you borrow or deposit) r = annual rate of interest (as a decimal) t = number of years the amount is deposited or borrowed for. A = amount of money accumulated after n years, including interest.