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compound interest formula logarithms. The compound interest formula is A P1rn to the power of nt Compounding Interest Pros and Cons. B 1000108 1080 Quarterly compounding.
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5000 dollars is deposited in an account P 5000. If you now take logarithms on both sides you have. To solve an exponential or logarithmic word problems convert the narrative to an equation and solve the equation.
PV stands for present value.
We call this interest E ective annual rate. Simplify a logarithmic expression. Use the change-of-base formula. Displaystyle delta is the interest rate on a continuous compounding basis and r is the stated interest rate with a compounding frequency n.
