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Applied Math 40S May 2, 2008

From dkuropatwa, 5 months ago

Credit cards, nominal, and effective interest rates.

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Slide 1: Credit Cards and Interest Rates current Canadian rates My favorite Credit Card by flickr user .KM.

Slide 2:

Slide 3:N= I%= PV= PMT= FV= P/Y= C/Y= PMT: END BEGIN

Slide 4:N= I%= PV= PMT= FV= P/Y= C/Y= PMT: END BEGIN

Slide 5:N= I%= PV= PMT= FV= P/Y= C/Y= PMT: END BEGIN

Slide 6:N= I%= PV= PMT= FV= P/Y= C/Y= PMT: END BEGIN

Slide 7:

Slide 8:Use the Rule of 72 to estimate the doubling time for these interest rates: (a) 4% per annum, (b) 8% per annum, (c) 24% per annum, compounded annually compounded annually compounded annually Use the TVM solver in your calculator to calculate the the compound amount of a $100 investment for the doubling times estimated above. N= N= N= I%=