Question: Your friend is taking a class called Math for Everyday Living at another college. He (or she) is learning about compound interest, and his instructor

Your friend is taking a class calledMath for Everyday Livingat another college. He (or she) is learning about compound interest, and his instructor simply gave the class the compound interest formula,, without explaining how it is gotten. When you friend told you this in a letter, you were shocked!

Write a letter to your friend (no longer than two pages) that explains step-by-step how the compound interest formula is gotten.

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