The document shows calculations for three different formulas:
1) Calculating an annual percentage rate (TAE) of 3.04% by taking 1 plus the monthly rate raised to the power of 12 and subtracting 1.
2) A second, equivalent calculation of the same 3.04% annual percentage rate.
3) Two equations, the first being a quadratic equation setting a quadratic expression equal to 22, and the second defining the weighted average formula.
The document shows calculations for three different formulas:
1) Calculating an annual percentage rate (TAE) of 3.04% by taking 1 plus the monthly rate raised to the power of 12 and subtracting 1.
2) A second, equivalent calculation of the same 3.04% annual percentage rate.
3) Two equations, the first being a quadratic equation setting a quadratic expression equal to 22, and the second defining the weighted average formula.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd
The document shows calculations for three different formulas:
1) Calculating an annual percentage rate (TAE) of 3.04% by taking 1 plus the monthly rate raised to the power of 12 and subtracting 1.
2) A second, equivalent calculation of the same 3.04% annual percentage rate.
3) Two equations, the first being a quadratic equation setting a quadratic expression equal to 22, and the second defining the weighted average formula.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd