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Let's presume that we want to have Nick and Pete arrange their accounts Using the identical desire price (r) and compounding (n), and that once the same amount of time (t), we want the accounts to contain the similar worth (A). Discover the two variables not pointed out In this particular scenario up to now are the quantity Nick will place into his banking account to begin with (P), his existing price, and the dimensions of your periodic payment of Pete's annuity (m).
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