INVESTMENTS COMPOUND INTEREST FORMULA by alicejenny

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									Math 12 Applications
Worksheet #1 (Outcome B1)

       INVESTMENTS COMPOUND INTEREST FORMULA

COMPOUND INTEREST FORMULA:




COMMON COMPOUNDING PERIODS:

Annually                    CY=
Semi-annually               CY=
Monthly                     CY=
Quarterly                   CY=
Bi-weekly                   CY=
Daily                       CY=


EXAMPLE: Use the compound interest formula A= P(1+r/n)nt to calculate the amount
and the interest for an investment of $5 000 at 6.5% per annum compounded
semiannually for 8 years




ASSIGNMENT: CD ROM p. 78 # 1

								
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