Simple and Compound Interest Worksheet
In problems 4-6, compare the amount of money you have if the investment is compounded annually versus daily. Write out and calculate 2 equations per problem. $1,000 at 8% for 5 years. $2,000 at 12% for 3 years. $5,000 at 12% for 20 years. Fill in the blanks for problems 7-12. Compounding Period (n) Principal (P) Yearly rate ( r ) Time (t ... ................
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