Skip to content
The Nature of Mathematics – 13th Edition

Interest

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.

  1. What monthly amount of money today would provide
… See the whole entry
Categories Chapter 11, Individual Research Projects Tags Inflation, Interest

Individual Research Projects Section 11.1

September 29, 2015July 16, 2015 by elaine

Project 11.1

Conduct a survey of banks, savings and loan companies, and credit unions in your area. Prepare a report on the different types of savings accounts available and the interest rates they pay. Include methods of payment as well … See the whole entry

Categories Chapter 11, Individual Research Projects Tags Fibonacci sequence, Interest

Homework Hints 11-2

October 22, 2015July 16, 2015 by elaine

Note: Homework Hints are given only for the Level 1 and Level 2 problems.

However, as you go through the book be sure you look at all the examples in the text. If you need hints for the Level 3 … See the whole entry

Categories Chapter 11, Homework Hints Tags Balance, Interest

Homework Hints 11-1

October 22, 2015July 16, 2015 by elaine

Note: Homework Hints are given only for the Level 1 and Level 2 problems.

However, as you go through the book be sure you look at all the examples in the text. If you need hints for the Level 3 … See the whole entry

Categories Chapter 11, Homework Hints Tags Compound interest formula, Interest, Simple interest formula

Section 11.2: Installment Buying

September 25, 2015July 16, 2015 by elaine

11.2 Outline

  1. Terminology
    1. types of installments
      1. closed-end loan
      2. open- end loan
    2. ways of calculating interest
      1. add-on interest
      2. amortization
  2. . Add-on interest
    1. installment loan formulas
    2. buying a car
  3. Annual percentage rate (APR)
    1. APR formula
    2. compare 0% financing with APR
  4. . Open-end
… See the whole entry
Categories Chapter 11, Essential Ideas Tags Annual percentage rate (APR), Credit, Installment buying, Interest, Loans

Section 11.1: Interest

September 25, 2015July 16, 2015 by elaine

11.1 Outline

  1. Amount of simple interest
    1. interest/interest rate
    2. principal/present value
    3. time
    4. simple interest formula
  2. Future value
  3. Interest for part of a year
    1. exact interest
    2. ordinary interest
    3. time ordinary interest
    4. future value formula (simple interest)
  4. Compounding interest
    1. compound interest
    2. compounding annual
… See the whole entry
Categories Chapter 11, Essential Ideas Tags Compound Interest, Inflation, Interest, Simple interest
  • Chapter 1
  • Chapter 2
  • Chapter 3
  • Chapter 4
  • Chapter 5
  • Chapter 6
  • Chapter 7
  • Chapter 8
  • Chapter 9
  • Chapter 10
  • Chapter 11
  • Chapter 12
  • Chapter 13
  • Chapter 14
  • Chapter 15
  • Chapter 16
  • Chapter 17
  • Chapter 18
  • About Karl Smith
  • Ask a Question
  • Extras
  • Karl Smith’s Textbooks
  • Home

Favorite Recommended Sites

  • Algebra Help
  • Ask Dr. Math
  • Quick Math
  • The Math Forum @ Drexel
  • Clemens Library & Alcuin Library
Page design: EMGraphics.net
© 2023 The Nature of Mathematics - 13th Edition • Built with GeneratePress