Standard #: MA.912.F.1.2 (Archived Standard)


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Solve problems involving compound interest.


Remarks


Example: Find the amount of money on deposit at the end of 5 years if you started with $500 and it was compounded quarterly at 6 % interest. Example: Joe won $25,000 in the lottery. How many years will it take at 6% interest compounded yearly for his money to double?

Related Courses

Course Number1111 Course Title222
1200500: Advanced Algebra with Financial Applications (Specifically in versions: 2014 - 2015 (course terminated))
7912105: Fundamental Consumer Mathematics (Specifically in versions: 2013 - 2015, 2015 - 2017 (course terminated))


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