This week we've started the unit on Financial Mathematics. You will need your calculator every day for this unit, so be sure to bring it with you to class. We will begin with simple interest and compound interest this week. Next week we will talk about credit card loans, annuities, and other types of loans.
Midterm grades were posted this week. Please be sure to check your midterm grade. You can see the break down of your grade on Moodle. If you have any questions about your grade, please see me in office hours.
Challenge Problem: Suppose you invest $1000 in an account earning a simple interest rate of 20%. If you invest another $1000 into an account earning an interest rate of 5%, compounded quarterly, when will the two accounts reach the same balance?
No comments:
Post a Comment