Precalculus
Exponential and Logarithmic Functions
Applications
Compound Interest
Interactive Example 1
Statement 1
.
The compound amount if
P
dollars is deposited at a yearly rate of interest
i
compounded
m
times per year for
n
years is
Statement 2
.
The present value of
A
dollars at a rate of interest
i
compounded
m
times per year for
n
years is
Instructions.
Choose the rate of interest, frequency of compounding, and investment period, and watch the future value of 1 dollar invested.
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