How to figure out this compounding interest word problem?

How to figure out this compounding interest word problem?
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1 Answer

Answer :

I will start you out. Let me know if you need further help. The interest per month is i = .0175/12. The number of compounding periods = number of months = 12×25 = 300. p (1+i)^300 = 100000, where p is the starting principal that we want to find.
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