Compound interest and the Future Value: a key formula

Handout to be worked through in class.

Changing the compounding period; what happens?

Analyze p. 429 #1 to 8

In class

demonstration from Wolfram

HW: STUDY

Short quiz

Then: solving for time

In class practice and samples of new items

Using the TVM solver on TI-83/84

Short quiz using TVM solver

Then start textbook assignment: p. 440-441 questions 2,4,6,10,11, 32, 34, 36, 38 (Use the appropriate formulas and show work on paper - do not simply use TVM solver)

Check HW: class will write complete solutions on board

Begin practice test p. 443, using FORMULA instead if TABLEs 10-1 and 10-2.

All work will be displayed on board either today or tomorrow.

How is a loan payment calculated? A spreadsheet introduction.

handout

Return to TVM solver and loans

handout