Mr. Denning bought a jacket for $67.50
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A = 47900
i = 5% = .05
n = number of compounding periods in a year (1,2,12,365)
t = number of years = 5
A = 47900
i = 5% = .05
n = number of compounding periods in a year (1,2,12,365)
t = number of years = 5
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