August 2004
Intermediate to advanced
656 pages
15h 28m
English
The formulas in Chapter 5 cover most decision-making situations where you need to work with interest, but you still need to be able to work with other situations. Among these are using different interest periods and compounding frequencies, cash-flow instances happening more and less frequently than compounding intervals, continuous compounding, determining actual interest rates, paying off loans early, and separating interest and principal in loan payments. Each of these topics is presented in this chapter. There is also a section describing how interest rates may not be what they seem.
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