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Financial Maths – Interest

Financial Maths – Interest
Financial Maths – Interest
Financial Maths – Interest
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By the end of this lesson you will be able to:
use and the understand the terms, simple, compound, APR, and effective interest rate,
compute the amount accrued under different rates and type of interest,
compute the interest rate from given performances,
compute the principle value from given performances,
use the formula r = 1 i,
use AER r = 1 + i = 1 + APR/UNIT.
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