Formula of sum invested
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Step-by-step explanation:
A "basic investment" is one where you start with an initial principal, invest it at an annually compounded rate of return, and add equal contributions every year.
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Basic Investment (Growth and Contributions)
YearBalanceNowP1(P + c)z2((P + c)z + c)z
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Answer:
principal= 100×intrest/time×rate
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