Lesson 3: Compound Interest

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5 Terms

1
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Compound Interest

interest is computed on the principal and also on the accumulated past interests

2
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Maturity Value or Future Value(F)

amount after (t) years that the lender receieved on the maturity period

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Maturity Value Formula

F= P(1 + r) raised to t

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Compound Interest Formula

= F-P

5
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Principal Value or the Present Value

P= F over (divided by) (1+ r) raised to t