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Uran C. - $30.00/hr - Kirksville, MO - View Uran C. >>
...Now, I give the grand summary of all these types of problems. There are four variables, present value, interest rate, number of compounding periods,
future value. Given three of the four as numbers, and because I have one equation relating them: future value = present value*(1 + interest rate)^number of compounding periods, I can solve for the value of the other variable. (read more)