Inflation Archives - The Nature of Mathematics

Individual Research Projects Section 11.5

September 29, 2015July 16, 2015 by elaine

Project 11.8

Outline a program for your own retirement. In the process of writing this paper answer the following questions. You will need to state your assumptions about interest and inflation rates.

What monthly amount of money today would provide

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Reference Topics 11-1

May 21, 2024July 16, 2015 by elaine

There are many sources of sites related to the material of this chapter. Here are a few of the better ones. Compound interest calculator:
http://www.moneychimp.com/calculator/compound_interest_calculator.htm

This calculator uses continuous compounding:
http://www.moneychimp.com/articles/finworks/continuous_compounding.htm

Calculator and graphs for various financial situations:
http://www.moneychimp.com/index.html

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Section 11.1: Interest

September 25, 2015July 16, 2015 by elaine

11.1 Outline

Amount of simple interest
1. interest/interest rate
2. principal/present value
3. time
4. simple interest formula
Future value
Interest for part of a year
1. exact interest
2. ordinary interest
3. time ordinary interest
4. future value formula (simple interest)
Compounding interest
1. compound interest
2. compounding annual

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