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  • Annuity Canvas

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    Philip Ramos
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    This document discusses the fundamentals of calculating interest when the number of times interest is compounded per period (m) is not equal to 1. It states that when m is present, you multiply the principal (n) by m and calculate the interest rate (I) as the annual interest rate (r) divided by m.

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    Annuity_Canvas

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    This document discusses the fundamentals of calculating interest when the number of times interest is compounded per period (m) is not equal to 1. It states that when m is present, you multiply the principal (n) by m and calculate the interest rate (I) as the annual interest rate (r) divided by m.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    2 views33 pages

    Annuity Canvas

    Uploaded by

    Philip Ramos
    This document discusses the fundamentals of calculating interest when the number of times interest is compounded per period (m) is not equal to 1. It states that when m is present, you multiply the principal (n) by m and calculate the interest rate (I) as the annual interest rate (r) divided by m.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 33

    Fundamentals

     When m is present (m is not equal to 1):


     Multiply your n with m and your I = r/m

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