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Review the compound interest formulas for n compoundings per year and for continuous compounding we learned...

Review the compound interest formulas for n compoundings per year and for continuous compounding we learned this week. Do a quick check of the various interest offering from your favorite bank and then design a saving plan that would give you the most satisfactory savings in at the end of 2030 if you have only 5 extra dollars to be put away every day?

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firstly, we discuss the formula used for calculating compound interest then we see how to have satisfactory savings.

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