Mathematics of Finance Guidelines
The simple interest per year is: $5,000 × .08 = $400. So after 10 years you will have: $400 × 10 = $4,000 in interest. The total balance will be $5,000 + 4,000 = $9,000. With compound interest we use the future value formula: FV = PV(1 +r)t . FV = $5,000(1.08)10 = $10,794.62. The difference is: $10,794.62 – 9,000 = $1,794.62. 2. ................
................
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related searches
- functions of finance manager
- roles of finance manager
- objective of finance manager
- wharton school of finance requirements
- role of finance officer
- american corporation of finance scam
- mathematics for finance textbook
- fha identity of interest guidelines 4000.1
- fha identity of interest guidelines 4000 1
- fha identity of interest guidelines 2019
- ministry of finance of ghana
- mathematics of operational research