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- D = Investment Amount (5000)
- P = Interest (5.25)
- Y = Number of Years (2.25)
- M = Conversions/Year (4)
- Use the following formula to calculate the Maturity value (S:
- S = D ( 1 + P/M)^YM
- If you use the sample data provided above, S will equal 5622.60.
- HINT: Be sure to divide the interest by 100 to get the correct mathematical value (e.g. 0.0525)
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