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Feb 21st, 2013
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  1. D = Investment Amount (5000)
  2. P = Interest (5.25)
  3. Y = Number of Years (2.25)
  4. M = Conversions/Year (4)
  5. Use the following formula to calculate the Maturity value (S:
  6. S = D ( 1 + P/M)^YM
  7. If you use the sample data provided above, S will equal 5622.60.
  8. HINT: Be sure to divide the interest by 100 to get the correct mathematical value (e.g. 0.0525)
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