Fri. Jan. 12/17

4.Cmpd interest and TVM.notebook

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January 13, 2017

Jun 6­10:16 AM

Fri. Jan. 12/17

1. Warm-up - review of compound interest present value2. Quiz3. Using the TVM solver to solve problems4. Practice5. Online financial simulator

Current Unit: #8 - Financial ApplicationsGoal: To be able to solve interest problems using the technology/TVM solver

http://www.grunderware.com/

Jan 12­2:50 PM

4.Cmpd interest and TVM.notebook

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January 13, 2017

4.Cmpd interest and TVM.notebook

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January 13, 2017

Nov 12­10:06 PM

Quick Quiz

1.  A $450 loan is repaid with $80 in interest after 9 months.  What was the interest rate that was charged?

2.  What is the difference between simple interest and compound interest?

Example

Example: Jason wants to buy a truck two years from now. He needs to have $15 000. How much must Jason put away today if his investment earns 5.8% compounded semi-annually?

4.Cmpd interest and TVM.notebook

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January 13, 2017

Jan 12­3:59 PM

Jan 12­4:03 PM

4.Cmpd interest and TVM.notebook

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January 13, 2017

May 7­10:51 PM

May 7­10:51 PM

4.Cmpd interest and TVM.notebook

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January 13, 2017

May 7­10:51 PM

May 7­10:52 PM

4.Cmpd interest and TVM.notebook

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January 13, 2017

May 7­10:52 PM

May 7­10:51 PM

4.Cmpd interest and TVM.notebook

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January 13, 2017