Computer Science, asked by varan1436, 11 hours ago

what use of compound forumala ?

Answers

Answered by RKK12345

Answer:

This formula is useful if you want to work backwards and find out how much you would need to start with in order to achieve a chosen future value. Example: Let's say your goal is to end up with $10,000 in 5 years, and you can get an 8% interest rate on your savings, compounded monthly.

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