Activity

Tuesday, December 18, 2012 10:28 AM

2. $148.04 total

4. I learned that the amount of times you do the steps is how many years they want to pay it off in or for example 3 years but compounding every 6 months so that would be 2 times a year times 3 = 6 years. Also, compound interest you do I=PRT and do the principal (the money) times the interest rate times how long it is. And if it is pay it off in 3 months that would be you would multiply it by 3/12 because there are 12 months in a year.

Interest Page 1