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Mathematics

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NEED some HElp please
Explain why the amount of money in the account at the end of the first year is given by the formula with n as the exponent:

P = P∨0 (1 + r/n)^n

NEED Some HElp Please Explain Why The Amount Of Money In The Account At The End Of The First Year Is Given By The Formula With N As The Exponent P P0 1 Rnn class=

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