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[DOC File]Simple Interest
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Show how inflation problems can be solved with the compound interest formula. Point out that we are entitled to use the compound interest formula because prices compound in inflationary times. Also, show how to compute future prices when the inflation rate changes each year (compute each end-of-year price with its respective inflation rate).
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[DOC File]Compound Interest Project
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Use the Calculator in the formula bar and the "Fill Down" feature of Excel to fill in the rest of the table: Click once in the cell in Column B, row 3 (cell B3) Click on the picture of the calculator in the Formula Bar. If you do not see the formula bar, go to the "View" menu and select "Formula Bar"
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[DOCX File]www.iltransitionalmath.org
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Students present findings to the class, using Excel spreadsheet analysis or on posterboard for hand-calculated charts of compound interest savings. Opportunities for Extension Students evaluate differences in earnings if various amounts of money are added to the account each month or year. Ex. Grandma gives a gift of $100 for birthday.
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[DOCX File]web.gccaz.edu
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2) Find the interest you pay if you borrow $2500 for 3 years at 5.25%. > This formula works for saving as well as borrowing. Find the interest you earn if you put $10k in a 3-year CD that pays 2% interest. > A3 Modify the simple interest formula to calculate rate (r). Note that you will have to convert your answer to a percent. Show all work.
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[DOC File]BrainMass - 24/7 Academic Help
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So with compound interest, the further in time an investment is held the more dramatic the growth becomes. Simple Interest Compound Interest Compound Interest Formula Instead of calculating interest year-by-year, it would be simple to see the future value of an investment using a compound interest formula. The formula for compound interest is:
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Compound interest calculator formula excel