Precalculus Exponential and Logarithmic Functions Applications
Compound Interest Interactive Example 1

|  |  | Statement 1 |  |
. |
The compound amount if P dollars is deposited at a yearly rate of interest i compounded m times per year for n years is

|  |  | Statement 2 |  |
. |
The present value of A dollars at a rate of interest i compounded m times per year for n years is

Instructions. Choose the rate of interest, frequency of compounding, and investment period, and watch the future value of 1 dollar invested.

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