7.4 Compound interest September 22, 2014

7.4 Compound interest

Objectives: • Calculate value of investments with simple compound interest.• Determine future values of investments

7.4 Compound interest September 22, 2014

If interest is compounded semi-annually then k=2

If interest is compounded quarterly then k=4

If interest is compounded monthly then k=12

7.4 Compound interest September 22, 2014

7.4 Compound interest September 22, 2014

7.4 Compound interest September 22, 2014

7.4 Compound interest September 22, 2014

7.4 Compound interest September 22, 2014

7.4 Compound interest September 22, 2014