ONLY FIND THE INTEREST
FIND INTEREST AND ADD PRINCIPAL
MAKE THE FORMULA
MAKE THE FORMULA AND SOLVE IT
IS THIS COMPOUND INTEREST
100
P= 3,000 R=10% N=4 T=3
1034.67
100
P=200 R=23% N=4 T=5
$611.84
100
P=350 R=2% N=12 T=.5
350(1+(.02/12))^.5*12
100
YOU JUST GOT 100 FREE POINTS!!!!!!
FREE!!!!!!
100
Formula is: I=P*R*T
No
200
Kyle had a loan of $100, the bank's rate was 8%, he wanted to pay it off in 1 year monthly.
8.30
200
YOU JUST GOT 200 FREE POINTS!!!!!!
FREE!!!!!!!
200
P=7,000 R=5% N=6 T=3
7,000(1+(.05/6))^6*3
200
P=10,000 R=3.875% N=12 T=7.5
$13,366.37
200
Has number of times a year.
Yes
300
P=150,000 R=11% N=3 T=7
169,531.06
300
Karen got a loan 10,000, the bank's rate was 6%, she wanted to pay it off in 30 years monthly.
$60,225.75
300
P=50,000 R=2.5% N=12 T=7
50,000(1+(.02/12))^12*7
300
P=500 R=5% N=6 T=4
$610.20
300
YOU JUST GOT 300 FREE POINTS!!!!!!
FREE!!!!!!!!
400
YOU JUST GOT 400 FREE POINTS!!!!!!
FREE POINTS!!!!!!!
400
P=350,000 R=4% N=12 T=15
$637,105.57
400
P=999,020 R=1% N=52 T=14
999,020(1+(.01/52))^52*14
400
P=75,000 R=4% N=4 T=2
$81,214.25
400
Time is in years.
Yes
500
Keith took out a loan for $5,000, the bank's rate was 4.5%, he wanted to pay it off in 5 years daily.
1,261.53
500
P=1,000,000 R=9% N=52 T=40
$36,484,525.27
500
YOU JUST GOT 500 FREE POINTS!!!!!!!
FREE!!!!!!!
500
P=3,000,000,000 R=2.997% N=52 T=50
$13,419,120,959.99
500
Always based on the principal.
No
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