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  • Interest 8% Beginning Value 100 Time 2 Endng Value at The End Value Yr 1 Beg Value + Accrued Int 100 8 108 (100+100 .08) 100 (1+.08)

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    Dhruv Rekhi
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    The document describes a simple interest calculation over 2 years with an 8% interest rate and beginning value of $100. The ending value after 1 year is $108, calculated as the beginning value plus accrued interest of 8%. The formula shown calculates the ending value as the beginning value multiplied by 1 plus the interest rate times the number of time periods.

    Original Description:

    formuale

    Original Title

    fm excel

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    The document describes a simple interest calculation over 2 years with an 8% interest rate and beginning value of $100. The ending value after 1 year is $108, calculated as the beginning value plus accrued interest of 8%. The formula shown calculates the ending value as the beginning value multiplied by 1 plus the interest rate times the number of time periods.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    8 views1 page

    Interest 8% Beginning Value 100 Time 2 Endng Value at The End Value Yr 1 Beg Value + Accrued Int 100 8 108 (100+100 .08) 100 (1+.08)

    Uploaded by

    Dhruv Rekhi
    The document describes a simple interest calculation over 2 years with an 8% interest rate and beginning value of $100. The ending value after 1 year is $108, calculated as the beginning value plus accrued interest of 8%. The formula shown calculates the ending value as the beginning value multiplied by 1 plus the interest rate times the number of time periods.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    interest 8%

    beginning value 100


    time 2
    endng value

    at the end value yr 1 beg value + accrued int


    100 8 108

    (100+100*.08) = 100(1+.08)
    SI = ( 1+ int rate*time)*beg value

    ending value for cr

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