| http://www.w3.org/ns/prov#value | - Find the balance after 6 years.A. Using the formula above, with P = 1500, r = 4.3/100 = 0.043, n = 4, and t = 6: So, the balance after 6 years is approximately $1,938.op.Why Is Compound Interest So Great?The reason why compound interest is so great is because not only do you earn interest on your principal balance, or the money you started with ??? but you also earn interest on your interest!
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