Business, 24.10.2019 05:00, JellalFernandes

Asimplified compound interest formula, f = p (1+r)^t, can be used to calculate the wealth accumulated in the account after a certain number of years. in this scenario, there is a one-time deposit and the interest compounds annually. derive the formula to calculate the value of a one-time deposit to ensure a specific final amount of money accumulated in the account. answer in complete sentences.

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Asimplified compound interest formula, f = p (1+r)^t, can be used to calculate the wealth accumulate...