How do I get from step 2 to step 3?
2 answers:
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a=future amount
p=present amount
r=rate in decimal
n=number off time per year compouonded
t=time in years
P=45,050
r=0.07001
n=4
t=1.25
A=49132.8798
round
A=$49,132.88
a=future amount
p=present amount
r=rate in decimal
n=number off time per year compouonded
t=time in years
P=45,050
r=0.07001
n=4
t=1.25
A=49132.8798
round
A=$49,132.88
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