{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

wkstlesson38

# wkstlesson38 - MA 15200 or MA 15200X Supplemental Worksheet...

This preview shows pages 1–2. Sign up to view the full content.

MA 15200 or MA 15200X Supplemental Worksheet, Lesson 38 Formulas that may be used (found on the course formula sheet): For the following formulas : S is future value, P is present value, r is the annual interest rate, k is the number of compounding periods in a year, t is time in years, A is the amount of money, and R is the amount of payment; with the formula for the periodic interest rate r i k = . 5. Future Value of an Investment with continuously compounded interest: rt S Pe = (The amount at the end of an investment when an amount P is allowed to grow with interest compounded continuously.) 6. Future Value of an Investment: (1 ) kt S P i = + (The amount at the end of an investment when an amount P is allowed to grow.) 7. Present Value of an Investment: (1 ) kt P S i - = + (The amount that must be invested now to provide for a future value.) 8. Effective Rate of Interest : (1 ) 1 k E i = + - (The effective rate for an account.) 1) George can invest in an account paying an annual interest rate of 12 ½ %

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 2

wkstlesson38 - MA 15200 or MA 15200X Supplemental Worksheet...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online