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Rich Stanek[_2_] Rich Stanek[_2_] is offline

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Compounding Interest

I need to calculate compounding interest. Example I have an account that had
a balance of 40,000 in FY02. The account now has 72,000 at the end of FY07.
I need to calculated what the compounded interest rate was for the time
between 02 and 07.

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