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The compound interest formula is given by the expression [tex] A = P \left(1 + \frac{r}{n}\right)^{nt} [/tex] where [tex] A [/tex] is the accumulated amount, after an initial investment of [tex] P [/tex] dollars is invested for [tex] t [/tex] years, at an annual interest rate of [tex] r [/tex], compounded [tex] n [/tex] times per year.
The compound interest formula is given by the expression [tex]$
A = P \left(1 + \frac{r}{n}\right)^{n t}
$[/tex] where A is the accumulated amount, after an initial investment of P dollars is invested for t years, at an annual interest rate r, compounded n times per year.
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