×

### Let's log you in.

or

Don't have a StudySoup account? Create one here!

×

or

## Section 4.6 Interest compounded n times per year

by: Emmaline Murphy

19

0

3

# Section 4.6 Interest compounded n times per year MAC 1140

Marketplace > Florida State University > Mathematics (M) > MAC 1140 > Section 4 6 Interest compounded n times per year
Emmaline Murphy
FSU

Get a free preview of these Notes, just enter your email below.

×
Unlock Preview

4.6 notes for precal
COURSE
Precalculus Algebra
PROF.
David Ekrut
TYPE
Class Notes
PAGES
3
WORDS
CONCEPTS
precal
KARMA
25 ?

## Popular in Mathematics (M)

This 3 page Class Notes was uploaded by Emmaline Murphy on Tuesday March 1, 2016. The Class Notes belongs to MAC 1140 at Florida State University taught by David Ekrut in Spring 2016. Since its upload, it has received 19 views. For similar materials see Precalculus Algebra in Mathematics (M) at Florida State University.

×

## Reviews for Section 4.6 Interest compounded n times per year

×

×

### What is Karma?

#### You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 03/01/16
1. SpcuoN 4.6Inrnnpsr CoutpouNDED nTIMEs ppn'YEAR The Future Value,A,is amountinaccounat theendofgiventimeperiodofan account. The PresentValue orPrinciple, Pisthe amountinitialdeposited. The Annual rate of intereor nominal rater,isthe rate for fullearin decimalform. n ithenumber of timeser yeatheaccountiscompounded, i.e. theumberof timesperyeartheinteresis calculated and atoetheaccount. tisthenumber ofyearstheaccountis held. FORMULA forA: zI\nf A= P(t+ n) Example L.L. Findthe amountthatresul.from\$350-U,pes!gJ12% *nmpoqnded *.t""rr,aftea peri,of9 years. W T nrl fi= ? A ?(tn+r..)nu v=*50 = fl'* 0^ l;a tef [tl .3w(.1 + Ht- 4 6{ - 3bo(' n +- ry)uo @sso,(r.T) 350 (d) o+q fl'J Section6 -\--*-.-**-*'*\ 2 Example 1.2Ifan'i.naestmen8Tompoundedsemiannually, how much should youdeposWt tohaae\$2532n20years? Pralgr* [&.#*t"'lP. A 'J\$S#" r'ao f , # sff A--(t *[] ** P= assa { r*?} h'& , P=A(eufl]* ?,A53a(\ + o\$ y+o t; 2,0 flrn*, Example 1.3How lory,gittokW totirli,ii,s,nuesat10%,inte,rest compoundemonthly? X3 h= ?Cttt)n* f=iJ 3F, ytt+ +.,]** ln"1= \n (l+ H)'" ; :Zr ' !lf= r-- lh3 : *g=([ +aL"]tz-L_.",,t .=,ffil _H) ?,? 2.IxrsRosrCorqtruuousrCoupouuoen Anaccounthaiscontimrouscornpoundedithevalutheprevioformula approaches wne-)oo- FORMULA for A: fr= ? *'+ Exarnple 2.L.note wi,l*8,450t maturi,3 yearHow muchisthe note warth worth no,ssurnconti,nucnrnpoundat,7.3%? A runtt) = ?en+ Pr Lrlhflt's Wor+tn ? *-'* A = 8450 {*ute- ?, A -> Y,#"S?t5 fi+lae-oGl#-# L"3 o a-lq = frleoe section4-6 3 A= PuY* Example 2.2.How rn&nyyearwi,ll i,tforan,i,nuestmo/\$10,00 togrouto S40,000?Assumea ratefi,ntereof9% compounded continuously. {}ffi t fl= 4A,&?# 40ff1= tCI7trt7, 4 go-aq{' : , Y; lorffi = h4 0#qt ln* ffi""--#f'fl q ' lry{= Gt*: b:'? f,).*q 0 "#''t j.d,q* = L- l-n-3 # ---ipif}4" Example 2.3.Wh,ati,nteresternm,pound,cttntinwously, wi,tl take an'inaestment o/\$10,000to\$40,000in5years? 3. ErpBcrrvpRaro Theeflective raofinteresrefecti.uetesimplecompoundedonce)interest ratethawouldgivethesarneeturnasangivenaccount. Example 3.L.Fi,nd the efferate ointerefor5.5% mmpoundedquarterly. flt;4 fw{ = I {**f*'}o* : Ct*W)- d t ; CI 05bi

×

×

### BOOM! Enjoy Your Free Notes!

×

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

## Why people love StudySoup

Bentley McCaw University of Florida

#### "I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Janice Dongeun University of Washington

#### "I used the money I made selling my notes & study guides to pay for spring break in Olympia, Washington...which was Sweet!"

Bentley McCaw University of Florida

#### "I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Parker Thompson 500 Startups

#### "It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!
×

### Refund Policy

#### STUDYSOUP CANCELLATION POLICY

All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email support@studysoup.com

#### STUDYSOUP REFUND POLICY

StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here: support@studysoup.com

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to support@studysoup.com