Compound Interest Practice
|
|
|
- Beatrix Boone
- 10 years ago
- Views:
Transcription
1 Compound Interest Practice 1. Cecilia places $4,500 into a savings account that has an annual interest rate of 6%. The interest is compounded semiannually. How much interest will Cecilia earn in 4 years? What will the new balance of her account be? a) What is the interest rate for each period? b) How many periods are there in 4 years? Interest This c) Total amount of interest earned: d) New balance in the account after 4 years: 2. Beverly places $2,750 into a savings account that has an annual interest rate of 8%. The interest is compounded monthly. How much interest will Beverly earn in 6 months? What will the new balance of her account be? b. How many periods are there in 6 months? Interest This d. New balance in the account after 6 months:
2 3. Armando places $8,000 into a savings account that has an annual interest rate of 10%. The interest is compounded daily. How much interest will Armando earn in one week? What will the new balance of his account be? b. How many periods are there in one week? Interest This d. New balance in the account after one week: 4. Nathaniel places $10,000 into a savings account that has an annual interest rate of 2%. The interest is compounded weekly. How much interest will Nathaniel earn in 4 weeks? What will the new balance of his account be? b. How many periods are there in four weeks? Interest This d. New balance in the account after four weeks:
3 Compound Interest Practice 2 1. Carlotta puts $10,000 into a savings account that has an annual interest rate of 6%. The interest is compounded monthly. How much interest will Carlotta earn in 5 months? What will the new balance of Carlotta s account be? b. How many periods are there in 5 months? Interest This d. New balance in the account after five months: 2. Amber puts $14,000 into a savings account that has an annual interest rate of 10%. The interest is compounded weekly. How much interest will Amber earn in 4 weeks? What will the new balance of Amber s account be? b. How many periods are there in four weeks? c. Total amount of interest earned (Note: you will have to make your own chart): d. New balance in the account after six months:
4 3. Jaime places $6,500 into a savings account that has an annual interest rate of 4%. The interest is compounded monthly. How much interest will Jaime earn in 6 months? What will the new balance of Jaime s account be? b. How many periods are there in six months? d. New balance in the account after six months: 4. Arthur places $2,000 into a savings account that has an annual interest rate of 8%. The interest is compounded quarterly. How much interest will Arthur earn in 2 years? What will the new balance of Arthur s account be? b. How many periods are there in 2 years? d. New balance in the account after 2 years: Critical Thinking Question. Explain the process for what you would do to solve this problem. Melanie places $4,000 into a savings account that has an annual interest rate of 12%. The interest is compounded daily. What will the new balance of Melanie s account be after one year?
5 Practice with Percentages When using percentages, often you will have to multiply a number by a percentage and then add your product to your starting amount this is the same as multiplying by the percentage (as a decimal) plus 1 in the first place. 1) Find 5% of 40. Then add your answer to 40. Answer: 2) Find 12% of 250. Then add your answer to 250. Answer: Example: Find 6% of 12. Then add your answer to = 0.72 now = = ) Sales Tax The sales tax on an item is 6.5%. Find how much sales tax you will have to pay on an item that costs $ Then add the tax to the original price to find the total cost of the item. Total Cost: 4) Using the 6.5% sales tax mentioned above, find the amount of sales tax you will have to pay on a $75 purchase. Then add the tax to the original price to find the total cost of the purchase. Total Cost: 5) A savings account earns 3% interest each month. Find the amount of interest earned on an account with $600 for one month. Then add the interest to the original amount to find the new balance. 6) A savings account earns 5% interest each month. Find the amount of interest earned on an account with $800 for one month. Then find the new balance in the account. 7) A savings account earns 6% interest each quarter. If an account starts with $900 in it, how much will be in the account after one quarter? 8) A savings account earns 1% interest each week. If the account starts with $12,000 in it, how much will be in the account after one week? 9) A savings account earns 12% interest each year. Find the interest rate for one month. Then, if the account starts with $15,000 in it, how much will be in the account after one month?
6 10) A savings account earns 24% interest each year. Find the interest rate for one month. Then, if the account starts with $10,000 in it, how much will be in the account after one month? Now, interest is earned on the new balance in the account. Find the amount in the account after another month. Interest is earned on the balance after that for a third month. Find the amount in the account after this month. For a forth month, interest is earned on the new balance of the account. Find the amount in the account after this fourth month. 11) In the previous problem, find the total amount of interest earned over the four months. Total Interest: 12) A savings account earns 8% interest each year. Find the interest rate for one quarter. Then, if the account starts with $12,500 in it, how much will be in the account after one quarter? Now, interest is earned on the new balance in the account. Find the amount in the account after another quarter. Interest is earned on that balance for a third quarter. Find the amount in the account after the third quarter. Interest is earned on that balance for a fourth quarter. Find the amount in the account after the fourth quarter. 13) In the previous problem, find the total amount of interest earned over the period of a year (four quarters). Total Interest: Critical Thinking Question. Explain how the process of calculating a new percentage this way will be useful for finding compound interest.
E INV 1 AM 11 Name: INTEREST. There are two types of Interest : and. The formula is. I is. P is. r is. t is
E INV 1 AM 11 Name: INTEREST There are two types of Interest : and. SIMPLE INTEREST The formula is I is P is r is t is NOTE: For 8% use r =, for 12% use r =, for 2.5% use r = NOTE: For 6 months use t =
The Time Value of Money C H A P T E R N I N E
The Time Value of Money C H A P T E R N I N E Figure 9-1 Relationship of present value and future value PPT 9-1 $1,000 present value $ 10% interest $1,464.10 future value 0 1 2 3 4 Number of periods Figure
first complete "prior knowlegde" -- to refresh knowledge of Simple and Compound Interest.
ORDINARY SIMPLE ANNUITIES first complete "prior knowlegde" -- to refresh knowledge of Simple and Compound Interest. LESSON OBJECTIVES: students will learn how to determine the Accumulated Value of Regular
Solving Compound Interest Problems
Solving Compound Interest Problems What is Compound Interest? If you walk into a bank and open up a savings account you will earn interest on the money you deposit in the bank. If the interest is calculated
Chapter The Time Value of Money
Chapter The Time Value of Money PPT 9-2 Chapter 9 - Outline Time Value of Money Future Value and Present Value Annuities Time-Value-of-Money Formulas Adjusting for Non-Annual Compounding Compound Interest
Main TVM functions of a BAII Plus Financial Calculator
Main TVM functions of a BAII Plus Financial Calculator The BAII Plus calculator can be used to perform calculations for problems involving compound interest and different types of annuities. (Note: there
Ing. Tomáš Rábek, PhD Department of finance
Ing. Tomáš Rábek, PhD Department of finance For financial managers to have a clear understanding of the time value of money and its impact on stock prices. These concepts are discussed in this lesson,
Sample problems from Chapter 10.1
Sample problems from Chapter 10.1 This is the annuities sinking funds formula. This formula is used in most cases for annuities. The payments for this formula are made at the end of a period. Your book
Percent, Sales Tax, & Discounts
Percent, Sales Tax, & Discounts Many applications involving percent are based on the following formula: Note that of implies multiplication. Suppose that the local sales tax rate is 7.5% and you purchase
Solutions to Time value of money practice problems
Solutions to Time value of money practice problems Prepared by Pamela Peterson Drake 1. What is the balance in an account at the end of 10 years if $2,500 is deposited today and the account earns 4% interest,
McGraw-Hill/Irwin Copyright 2011 by the McGraw-Hill Companies, Inc. All rights reserved.
Chapter 13 Annuities and Sinking Funds McGraw-Hill/Irwin Copyright 2011 by the McGraw-Hill Companies, Inc. All rights reserved. #13 LU13.1 Annuities and Sinking Funds Learning Unit Objectives Annuities:
CHAPTER 6 Accounting and the Time Value of Money
CHAPTER 6 Accounting and the Time Value of Money 6-1 LECTURE OUTLINE This chapter can be covered in two to three class sessions. Most students have had previous exposure to single sum problems and ordinary
21.1 Arithmetic Growth and Simple Interest
21.1 Arithmetic Growth and Simple Interest When you open a savings account, your primary concerns are the safety and growth of your savings. Suppose you deposit $1000 in an account that pays interest at
1 (1 + i) 12 = ( 1 + r 2 1 + i = ( 1 + r 2 i = ( 1 + r 2
1. Mortgages Mortage loans are commonly quoted with a nominal rate compounded semi-annually; but the payments are monthly. To find the monthly payments in this case one finds the effective monthly rate
Marquee 10 Guaranteed Lifetime Income Rider
This document reviews important points to consider before you buy the Marquee 10 Guaranteed Lifetime Rider from Life Insurance Company of the Southwest ( LSW ). The Guaranteed Lifetime Rider, LSW Rider
Using the Finance Menu of the TI-83/84/Plus calculators KEY
Using the Finance Menu of the TI-83/84/Plus calculators KEY To get to the FINANCE menu On the TI-83 press 2 nd x -1 On the TI-83, TI-83 Plus, TI-84, or TI-84 Plus press APPS and then select 1:FINANCE The
Annuities and loan. repayments. In this chapter. syllabusreference. Financial mathematics 5 Annuities and loan. repayments
Annuities and loan repayments 8 syllabusreference Financial mathematics 5 Annuities and loan repayments In this chapter 8A 8B 8C 8D Future value of an annuity Present value of an annuity Future and present
Questions and Answers
Appendix J 1 Series EE Savings Bonds Issued May 2005 and Thereafter What interest rate does a Series EE bond earn? Series EE savings bonds issued on and after May 1, 2005, will earn a fixed rate of interest,
Using Financial and Business Calculators. Daniel J. Borgia
Using Financial and Business Calculators Daniel J. Borgia Table of Contents Texas Instruments (TI) BA-35 SOLAR......................................1 Texas Instruments (TI) BA II PLUS........................................11
Accounting Building Business Skills. Interest. Interest. Paul D. Kimmel. Appendix B: Time Value of Money
Accounting Building Business Skills Paul D. Kimmel Appendix B: Time Value of Money PowerPoint presentation by Kate Wynn-Williams University of Otago, Dunedin 2003 John Wiley & Sons Australia, Ltd 1 Interest
Sample Examination Questions CHAPTER 6 ACCOUNTING AND THE TIME VALUE OF MONEY MULTIPLE CHOICE Conceptual Answer No. Description d 1. Definition of present value. c 2. Understanding compound interest tables.
Loans Practice. Math 107 Worksheet #23
Math 107 Worksheet #23 Loans Practice M P r ( 1 + r) n ( 1 + r) n =, M = the monthly payment; P = the original loan amount; r = the monthly interest rate; n = number of payments 1 For each of the following,
Teen Guide to Savings and Checking Accounts
Teen Guide to Savings and Checking Accounts { http://youth.macu.com } Mountain America Credit Union knows that it s never too early to start learning critical money management skills. That s why we ve
Number of bits needed to address hosts 8
Advanced Subnetting Example 1: Your ISP has assigned you a Class C network address of 198.47.212.0. You have 3 networks in your company with the largest containing 134 hosts. You need to figure out if
Our handy guide to interest charges
Our handy guide to interest charges The interest rate we include in your Virgin Credit Card Terms (section 2) is known as a simple annual rate of interest. We usually show this rounded to two decimal places
Using Financial And Business Calculators. Daniel J. Borgia
Using Financial And Business Calculators Daniel J. Borgia August 2000 Table of Contents I. Texas Instruments BA-35 SOLAR II. Texas Instruments BAII PLUS III. Hewlett Packard 12C IV. Hewlett Packard 17BII..
Regular Annuities: Determining Present Value
8.6 Regular Annuities: Determining Present Value GOAL Find the present value when payments or deposits are made at regular intervals. LEARN ABOUT the Math Harry has money in an account that pays 9%/a compounded
Module 1: Corporate Finance and the Role of Venture Capital Financing TABLE OF CONTENTS
1.0 ALTERNATIVE SOURCES OF FINANCE Module 1: Corporate Finance and the Role of Venture Capital Financing Alternative Sources of Finance TABLE OF CONTENTS 1.1 Short-Term Debt (Short-Term Loans, Line of
Time Value of Money Concepts
BASIC ANNUITIES There are many accounting transactions that require the payment of a specific amount each period. A payment for a auto loan or a mortgage payment are examples of this type of transaction.
Math 120 Basic finance percent problems from prior courses (amount = % X base)
Math 120 Basic finance percent problems from prior courses (amount = % X base) 1) Given a sales tax rate of 8%, a) find the tax on an item priced at $250, b) find the total amount due (which includes both
Chapter 3 Mathematics of Finance
Chapter 3 Mathematics of Finance Section 3 Future Value of an Annuity; Sinking Funds Learning Objectives for Section 3.3 Future Value of an Annuity; Sinking Funds The student will be able to compute the
FINANCIAL MATHEMATICS FIXED INCOME
FINANCIAL MATHEMATICS FIXED INCOME 1. Converting from Money Market Basis to Bond Basis and vice versa 2 2. Calculating the Effective Interest Rate (Non-annual Payments)... 4 3. Conversion of Annual into
"This notice is not part of the accompanying prospectus"
We no longer offer certain of our variable annuity products and are not required to update the annuity prospectuses for such products. We maintain on this site, for your reference, the most recent annuity
TIME VALUE OF MONEY. Hewlett-Packard HP-12C Calculator
SECTION 1, CHAPTER 6 TIME VALUE OF MONEY CHAPTER OUTLINE Clues, Hints, and Tips Present Value Future Value Texas Instruments BA II+ Calculator Hewlett-Packard HP-12C Calculator CLUES, HINTS, AND TIPS Present
Continue this process until you have cleared the stored memory positions that you wish to clear individually and keep those that you do not.
Texas Instruments (TI) BA II PLUS Professional The TI BA II PLUS Professional functions similarly to the TI BA II PLUS model. Any exceptions are noted here. The TI BA II PLUS Professional can perform two
Practice Problems. Use the following information extracted from present and future value tables to answer question 1 to 4.
PROBLEM 1 MULTIPLE CHOICE Practice Problems Use the following information extracted from present and future value tables to answer question 1 to 4. Type of Table Number of Periods Interest Rate Factor
Version 3A ACTUARIAL VALUATIONS. Remainder,Income, and Annuity Examples For One Life, Two Lives, and Terms Certain
ACTUARIAL VALUATIONS Remainder,Income, and Annuity Examples For One Life, Two Lives, and Terms Certain Version 3A For Use in Income, Estate, and Gift Tax Purposes, Including Valuation of Pooled Income
2) Based on the information in the table which choice BEST shows the answer to 1 906? 906 899 904 909
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ) Multiplying a number by results in what type of. even. 0. even.,0. odd..,0. even ) Based on the information in the table which choice BEST shows the answer to 0? 0 0 0 )
TIME VALUE OF MONEY. Return of vs. Return on Investment: We EXPECT to get more than we invest!
TIME VALUE OF MONEY Return of vs. Return on Investment: We EXPECT to get more than we invest! Invest $1,000 it becomes $1,050 $1,000 return of $50 return on Factors to consider when assessing Return on
Discounted Cash Flow Valuation
6 Formulas Discounted Cash Flow Valuation McGraw-Hill/Irwin Copyright 2008 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter Outline Future and Present Values of Multiple Cash Flows Valuing
The values in the TVM Solver are quantities involved in compound interest and annuities.
Texas Instruments Graphing Calculators have a built in app that may be used to compute quantities involved in compound interest, annuities, and amortization. For the examples below, we ll utilize the screens
Numbers 101: Growth Rates and Interest Rates
The Anderson School at UCLA POL 2000-06 Numbers 101: Growth Rates and Interest Rates Copyright 2000 by Richard P. Rumelt. A growth rate is a numerical measure of the rate of expansion or contraction of
CHAPTER 1. Compound Interest
CHAPTER 1 Compound Interest 1. Compound Interest The simplest example of interest is a loan agreement two children might make: I will lend you a dollar, but every day you keep it, you owe me one more penny.
Discounted Cash Flow Valuation
BUAD 100x Foundations of Finance Discounted Cash Flow Valuation September 28, 2009 Review Introduction to corporate finance What is corporate finance? What is a corporation? What decision do managers make?
Finance Notes ANNUITIES
Annuities Page 1 of 8 ANNUITIES Objectives: After completing this section, you should be able to do the following: Calculate the future value of an ordinary annuity. Calculate the amount of interest earned
Credit Card Loans. Student Worksheet
Student Worksheet Credit Card Loans Name: Recall the formula for simple interest where, I is the interest owed P is the principal amount outstanding r is the interest rate t is the time in years. Note:
Present Value Concepts
Present Value Concepts Present value concepts are widely used by accountants in the preparation of financial statements. In fact, under International Financial Reporting Standards (IFRS), these concepts
Present Value (PV) Tutorial
EYK 15-1 Present Value (PV) Tutorial The concepts of present value are described and applied in Chapter 15. This supplement provides added explanations, illustrations, calculations, present value tables,
Lesson Plan -- Simple and Compound Interest
Lesson Plan -- Simple and Compound Interest Chapter Resources - Lesson 4-14 Simple Interest - Lesson 4-14 Simple Interest Answers - Lesson 4-15 Compound Interest - Lesson 4-15 Compound Interest Answers
Key Concepts and Skills
McGraw-Hill/Irwin Copyright 2014 by the McGraw-Hill Companies, Inc. All rights reserved. Key Concepts and Skills Be able to compute: The future value of an investment made today The present value of cash
Get Guaranteed CONSUMER GUIDE. Life Insurance Company of the Southwest
Life Insurance Company of the Southwest member of CONSUMER GUIDE For Flexible Premium Deferred Indexed Annuities Get Guaranteed Income forlife! True Innovation from LSW the Trusted Leader in Flexible Premium
How To Find The Area Of A Shape
9 Areas and Perimeters This is is our next key Geometry unit. In it we will recap some of the concepts we have met before. We will also begin to develop a more algebraic approach to finding areas and perimeters.
C:\Documents and Settings\tracey_hbutters\Desktop\mathematics\year_levels\math_stage6\General\hsc\financial_maths\financial5\annuities_loan_repa
Annuities and Loan Repayments H General Maths HSC NAME: 1 HSC CAPACITY MATRIX GENERAL MATHEMATICS TOPIC: Financial Mathematics 5 Annuities & loan repayments 3 weeks AM1 rn1 CONTENT CAPACITY BREAKDOWN!
BA II Plus Advanced Business Analyst Calculator
BA II Plus Advanced Business Analyst Calculator Quick Guide to Settings and Concepts Purpose of Guide This Quick Guide is a supplement to the BA II Plus Guidebook. It includes brief examples of commonly
Lesson 5: Savvy Savers
KaChing! Lesson 5: Savvy Savers Standards and Benchmarks (see page B-56) Lesson Description Students calculate compound interest to identify benefits of saving in interest-bearing accounts. They learn
Basic, Including 100% Part B Coinsurance. Part B Coinsurance. Coinsurance* 50% Skilled Nursing Facility Coinsurance. Skilled Nursing Facility
AMERICAN RETIREMENT LIFE INSURANCE COMPANY P. O. BOX 26580 AUSTIN, TX 78755-0580 866-459-4272 Outline of Medicare Supplement Coverage - Benefit Plans A, F, G and N This chart shows the benefits included
The Institute of Chartered Accountants of India
CHAPTER 4 SIMPLE AND COMPOUND INTEREST INCLUDING ANNUITY APPLICATIONS SIMPLE AND COMPOUND INTEREST INCLUDING ANNUITY- APPLICATIONS LEARNING OBJECTIVES After studying this chapter students will be able
Key Concepts and Skills. Chapter Outline. Basic Definitions. Future Values. Future Values: General Formula 1-1. Chapter 4
Key Concepts and Skills Chapter 4 Introduction to Valuation: The Time Value of Money Be able to compute the future value of an investment made today Be able to compute the present value of cash to be received
Coupon Bonds and Zeroes
Coupon Bonds and Zeroes Concepts and Buzzwords Coupon bonds Zero-coupon bonds Bond replication No-arbitrage price relationships Zero rates Zeroes STRIPS Dedication Implied zeroes Semi-annual compounding
Compounding Quarterly, Monthly, and Daily
126 Compounding Quarterly, Monthly, and Daily So far, you have been compounding interest annually, which means the interest is added once per year. However, you will want to add the interest quarterly,
Chapter 1: Time Value of Money
1 Chapter 1: Time Value of Money Study Unit 1: Time Value of Money Concepts Basic Concepts Cash Flows A cash flow has 2 components: 1. The receipt or payment of money: This differs from the accounting
Week 2: Exponential Functions
Week 2: Exponential Functions Goals: Introduce exponential functions Study the compounded interest and introduce the number e Suggested Textbook Readings: Chapter 4: 4.1, and Chapter 5: 5.1. Practice Problems:
Part B. Coinsurance. Skilled Nursing Facility. 50% Skilled Nursing Facility. Coinsurance. Coinsurance 75% Part A Deductible.
AMERICAN RETIREMENT LIFE INSURANCE COMPANY P. O. BOX 26580 AUSTIN, TX 78755-0580 866-459-4272 Outline of Medicare Supplement Coverage - Benefit Plans A, F, G and N This chart shows the benefits included
Chapter 4. The Time Value of Money
Chapter 4 The Time Value of Money 1 Learning Outcomes Chapter 4 Identify various types of cash flow patterns Compute the future value and the present value of different cash flow streams Compute the return
CALCULATOR TUTORIAL. Because most students that use Understanding Healthcare Financial Management will be conducting time
CALCULATOR TUTORIAL INTRODUCTION Because most students that use Understanding Healthcare Financial Management will be conducting time value analyses on spreadsheets, most of the text discussion focuses
DISCOUNTED CASH FLOW VALUATION and MULTIPLE CASH FLOWS
Chapter 5 DISCOUNTED CASH FLOW VALUATION and MULTIPLE CASH FLOWS The basic PV and FV techniques can be extended to handle any number of cash flows. PV with multiple cash flows: Suppose you need $500 one
Chapter F: Finance. Section F.1-F.4
Chapter F: Finance Section F.1-F.4 F.1 Simple Interest Suppose a sum of money P, called the principal or present value, is invested for t years at an annual simple interest rate of r, where r is given
5.1 Simple and Compound Interest
5.1 Simple and Compound Interest Question 1: What is simple interest? Question 2: What is compound interest? Question 3: What is an effective interest rate? Question 4: What is continuous compound interest?
Basic, including 100% Part B coinsurance, except up to $20 copayment for office visit, and up to $50 copayment for ER Skilled Nursing
MUTUAL OF OMAHA INSURANCE COMPANY OUTLINE OF MEDICARE SUPPLEMENT COVERAGE COVER PAGE BENEFIT PLANS A, B, C, D, F AND G These charts show the benefits included in each of the standard Medicare supplement
Level Annuities with Payments More Frequent than Each Interest Period
Level Annuities with Payments More Frequent than Each Interest Period 1 Examples 2 Annuity-immediate 3 Annuity-due Level Annuities with Payments More Frequent than Each Interest Period 1 Examples 2 Annuity-immediate
Finding the Payment $20,000 = C[1 1 / 1.0066667 48 ] /.0066667 C = $488.26
![Finding the Payment $20,000 = C[1 1 / 1.0066667 48 ] /.0066667 C = $488.26](/thumbs/17/134163.jpg "Finding the Payment $20,000 = C[1 1 / 1.0066667 48 ] /.0066667 C = $488.26")
Quick Quiz: Part 2 You know the payment amount for a loan and you want to know how much was borrowed. Do you compute a present value or a future value? You want to receive $5,000 per month in retirement.
Calculating interest rates
Calculating interest rates A reading prepared by Pamela Peterson Drake O U T L I N E 1. Introduction 2. Annual percentage rate 3. Effective annual rate 1. Introduction The basis of the time value of money
Compound Interest Formula
Mathematics of Finance Interest is the rental fee charged by a lender to a business or individual for the use of money. charged is determined by Principle, rate and time Interest Formula I = Prt $100 At
PRODUCTIVITY AND COSTS First Quarter 2015, Revised
Transmission of material in this release is embargoed until USDL 15-1056 8:30 a.m. (EDT) Thursday, June 4, 2015 Technical information: (202) 691-5606 [email protected] www.bls.gov/lpc Media contact (202)
The explanations below will make it easier for you to use the calculator. The ON/OFF key is used to turn the calculator on and off.
USER GUIDE Texas Instrument BA II Plus Calculator April 2007 GENERAL INFORMATION The Texas Instrument BA II Plus financial calculator was designed to support the many possible applications in the areas
Finance 197. Simple One-time Interest
Finance 197 Finance We have to work with money every day. While balancing your checkbook or calculating your monthly expenditures on espresso requires only arithmetic, when we start saving, planning for
10.6 Functions - Compound Interest
10.6 Functions - Compound Interest Objective: Calculate final account balances using the formulas for compound and continuous interest. An application of exponential functions is compound interest. When
WealthBuilder Annuity For Service Receivables
WealthBuilder Annuity For Service Receivables Helping Chart Your Financial Future To Maximize Your Success TM WealthBuilder is a registered trademark of Peachtree Financial Solutions, LLC, and has been
Skilled Nursing Facility Coinsurance. Skilled Nursing Facility Coinsurance Part A Deductible Part B. Part A Deductible Part B.
Aetna Life Insurance Company Outline of Medicare Supplement Coverage Benefit Plans A, B, F, G and N are Offered Benefit Chart of Medicare Supplement Plans Sold for Effective Dates on or After June 1, 2010
CALIFORNIA WITHHOLDING SCHEDULES FOR 2015
California provides two methods for determining the amount of wages and salaries to be withheld for state personal income tax: METHOD A - WAGE BRACKET TABLE METHOD (Limited to wages/salaries less than
Finance Cluster Personal Finance
Finance Cluster Course Title: Course Number: 8178 Pre-requisites: Career Pathway/Major: Locations: Instructor: Locations: Length: None Management/Entrepreneur Banking & Related Services/ Financial Services
TIME VALUE OF MONEY (TVM)
TIME VALUE OF MONEY (TVM) INTEREST Rate of Return When we know the Present Value (amount today), Future Value (amount to which the investment will grow), and Number of Periods, we can calculate the rate
10.3 Future Value and Present Value of an Ordinary General Annuity
360 Chapter 10 Annuities 10.3 Future Value and Present Value of an Ordinary General Annuity 29. In an ordinary general annuity, payments are made at the end of each payment period and the compounding period
Course FM / Exam 2. Calculator advice
Course FM / Exam 2 Introduction It wasn t very long ago that the square root key was the most advanced function of the only calculator approved by the SOA/CAS for use during an actuarial exam. Now students
Prepared by: Dalia A. Marafi Version 2.0
Kuwait University College of Business Administration Department of Finance and Financial Institutions Using )Casio FC-200V( for Fundamentals of Financial Management (220) Prepared by: Dalia A. Marafi Version
Converting Group Term Life Insurance to Individual Insurance. The Prudential Insurance Company of America (Prudential) 0177151
Converting Group Term Life Insurance to Individual Insurance The Prudential Insurance Company of America (Prudential) 0177151 Converting Group Term Life Insurance to Individual Insurance A Prudential
In this section, the functions of a financial calculator will be reviewed and some sample problems will be demonstrated.
Section 4: Using a Financial Calculator Tab 1: Introduction and Objectives Introduction In this section, the functions of a financial calculator will be reviewed and some sample problems will be demonstrated.
ING USA Annuity and Life Insurance Company and its Separate Account B
ING USA Annuity and Life Insurance Company and its Separate Account B ING Rollover Choice SM Variable Annuity Contracts Supplement dated December 23, 2008 to the Contract Prospectus dated April 28, 2008,
Chapter 4: Managing Your Money Lecture notes Math 1030 Section D
Section D.1: Loan Basics Definition of loan principal For any loan, the principal is the amount of money owed at any particular time. Interest is charged on the loan principal. To pay off a loan, you must
5. Time value of money
1 Simple interest 2 5. Time value of money With simple interest, the amount earned each period is always the same: i = rp o We will review some tools for discounting cash flows. where i = interest earned
1. Annuity a sequence of payments, each made at equally spaced time intervals.
Ordinary Annuities (Young: 6.2) In this Lecture: 1. More Terminology 2. Future Value of an Ordinary Annuity 3. The Ordinary Annuity Formula (Optional) 4. Present Value of an Ordinary Annuity More Terminology
Chapter 19 (4) Cost Behavior and Cost-Volume-Profit Analysis Study Guide Solutions Fill-in-the-Blank Equations
Chapter 19 (4) Cost Behavior and Cost-Volume-Profit Analysis Study Guide Solutions Fill-in-the-Blank Equations 1. Variable cost per unit 2. Fixed cost 3. Variable costs 4. Contribution margin 5. Change
FINANCIAL MATHEMATICS MONEY MARKET
FINANCIAL MATHEMATICS MONEY MARKET 1. Methods of Interest Calculation, Yield Curve and Quotation... 2 1.1 Methods to Calculate Interest... 2 1.2 The Yield Curve... 6 1.3 Interpolation... 8 1.4 Quotation...