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  • Simple and Compound Interest (Part 2)

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    Compound interest can be calculated more than once a year, such as monthly or quarterly, which allows interest to accrue on previously earned interest. To find the interest rate or time period when given the other information in a compound interest problem, the formula can be rearranged to isolate the unknown variable.

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    SC ELEMENTA

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    Compound interest can be calculated more than once a year, such as monthly or quarterly, which allows interest to accrue on previously earned interest. To find the interest rate or time period when given the other information in a compound interest problem, the formula can be rearranged to isolate the unknown variable.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11 views27 pages

    Simple and Compound Interest (Part 2)

    Uploaded by

    Poopie poop
    Compound interest can be calculated more than once a year, such as monthly or quarterly, which allows interest to accrue on previously earned interest. To find the interest rate or time period when given the other information in a compound interest problem, the formula can be rearranged to isolate the unknown variable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 27

    Simple and Compound

    Interest (Part 2)
    TOPICS:
    • Compounding More than Once a Year
    • Finding Interest Rate and Time in Compound Interest
    Compounding More than Once a Year
    • Definition of Terms
    Examples of Nominal Rates and the Corresponding Frequencies of
    Conversion and Interest Rate for Each Period
    NOTE:
    Finding Interest Rate and Time in Compound
    Interest

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