Loan interest:
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
- Loan at start * Interest Rate= Loan interest
- A = P (1 + r/n) ^ nt:
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
college_loans_research.docx |
cress_and_little_problem.docx |
Sorry the Cress and Little problem is not finished. I have been trying to finish it at home, but my laptop will not let me get to the document.
http://www.financeformulas.net/Loan_Payment_Formula.html
https://www.mathsisfun.com/money/compound-interest.html
http://www.thecalculatorsite.com/articles/finance/compound-interest-formula.php
https://www.mathsisfun.com/money/compound-interest.html
http://www.thecalculatorsite.com/articles/finance/compound-interest-formula.php