1. (Compound Interest) Finding F, P, 1, j,t Formula: 1₁ = F-P n = tm i=j/m F = P(1 + i)" P=F(1 + i) CV = DP + F(1 + i) 4. Find the present value and interest of P1,600 due in 4 years if money is worth 12% compounded semi- annually.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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1. (Compound Interest) Finding F, P, I, j, t
Formula:
Ic = F - P
n = tm i=j/m F = P(1+i)n
P = F(1 + i) CV = DP + F(1 + i)^^
4. Find the present value and interest of P1,600 due in 4 years if money is worth 12%
compounded semi-
annually.
Transcribed Image Text:1. (Compound Interest) Finding F, P, I, j, t Formula: Ic = F - P n = tm i=j/m F = P(1+i)n P = F(1 + i) CV = DP + F(1 + i)^^ 4. Find the present value and interest of P1,600 due in 4 years if money is worth 12% compounded semi- annually.
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