Compound Interest and Growth/Shrinkage Formulas

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Flashcards covering formulas for compound interest and general growth/shrinkage, including definitions for key terms.

Last updated 6:05 PM on 4/20/26
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4 Terms

1
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Money compounded periodically

Calculated using the formula A(t) = A0(1+r)^t, where A0 is the initial amount, r is the annual rate, and t is the number of periods.

2
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Money compounded continuously

Calculated using the formula A(t) = A0e^(rt), where A0 is the initial amount, r is the annual rate, and t is the time.

3
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Anything growing or shrinking yearly

Modeled by the general formula A(t) = A0(factor)^t, where 'factor' represents the yearly change.

4
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Growth/Shrinkage Factor

A multiplier used in the formula A(t) = A0(factor)^t, representing the growth or shrinkage in a given time period.