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Module 8 Outline MATH 115 Problem Solving MODULE EIGHT (Week 8) Compound Interest (Chapter 9) Overview: The study of simple interest and discount is an effective way for you to internalize concepts related to the time value of money. However, compound interest is generally earned and paid on outstanding loans, and the effects of this concept are substantially different than that of simple interest over long periods of time. In this module you will learn how to calculate compound interest for various compounding periods. Learning Outcomes: Upon completion of this module, you should be able to: Calculate compound interest. Explain inflation. Calculate present and future values. Reading Assignment: Miller, C.D., Salzman, S.A., & Clendenen, G. (2009). Business Mathematics (11th ed.). MA: Pearson Education, Inc., Chapters 9.

Date Posted: 25/11/2014
Category: Mathematics
Due Date: 28/11/2014
Instruction
Module 8 Outline MATH 115 Problem Solving MODULE EIGHT (Week 8) Compound Interest (Chapter 9) Overview: The study of simple interest and discount is an effective way for you to internalize concepts related to the time value of money. However, compound interest is generally earned and paid on outstanding loans, and the effects of this concept are substantially different than that of simple interest over long periods of time. In this module you will learn how to calculate compound interest for various compounding periods. Learning Outcomes: Upon completion of this module, you should be able to: Calculate compound interest. Explain inflation. Calculate present and future values. Reading Assignment: Miller, C.D., Salzman, S.A., & Clendenen, G. (2009). Business Mathematics (11th ed.). MA: Pearson Education, Inc., Chapters 9.
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