Week 8

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  • Created by: jf00632
  • Created on: 20-01-19 15:21
What is the formula used for compound interest?
The amount you have invested (1+percentage/100)how many years its in the bank
1 of 6
You invest 1250 in a savings account.. A constant interwst rate of 3% is given. How much will the investment be worth at the end of 1 year?
1250(1+3/100)1=1287.50
2 of 6
How do you claculate how much interest is ade on an investmnet?
Do the formula to work out the total of the amount after the inerest. Then - the total from the orginial amount
3 of 6
What amount of interest is made from the first question?
1287.50-1250=£37.50
4 of 6
How do you calculate sinking fund?
LOOK AT NOTES
5 of 6
How do you calculate present value?
the value of the sum(%+1)how long for in (-) LOOK AT NOTES FOR EXAMPLES AND BETTER EXP;AANTION
6 of 6

Other cards in this set

Card 2

Front

You invest 1250 in a savings account.. A constant interwst rate of 3% is given. How much will the investment be worth at the end of 1 year?

Back

1250(1+3/100)1=1287.50

Card 3

Front

How do you claculate how much interest is ade on an investmnet?

Back

Preview of the front of card 3

Card 4

Front

What amount of interest is made from the first question?

Back

Preview of the front of card 4

Card 5

Front

How do you calculate sinking fund?

Back

Preview of the front of card 5
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