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Compound Interest (Finite Number of Calculations) - Problem 7

Teacher/Instructor Alissa Fong
Alissa Fong

MA, Stanford University
Teaching in the San Francisco Bay Area

Alissa is currently a teacher in the San Francisco Bay Area and Brightstorm users love her clear, concise explanations of tough concepts

Problems involving financial investments are all based on the equation explored here. The trick is being able to plug in known values in the right place and solve for the one missing value. Be sure to turn your interest rate into a decimal and let "n" represent the number of times per year that the interest is compounded.

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