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Ch 13 Financial Math day 1 A5.notebook
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Are outdated... don't plan to use them.
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Note: the interest rate and the time of the loanhave to be in the same units!
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Compound interest is a method of calculating interest in which interest is added to the principle each period
so that the principle continues to grow throughout the life of the loan or investment. Thus, the interest generated in one period then earns interest itself in the next period.
Ch 12 again...
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Note: Interest and time MUST be in the same units.
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Example
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Practice
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Assignment:
Financial Math Practice Problems
