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Lecture Practical business math procedures (11/e) - Chapter 12: Compound interest and present value
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After reading the material in this chapter, you should be able to: Compare simple interest with compound interest, calculate the compound amount and interest manually and by table lookup, explain and compute the effective rate (APY), compare present value (PV) with compound interest (FV), compute present value by table lookup, check the present value answer by compounding. |