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Formula Name: B - P APY = P APY is B is P is What circumstances do we look for in a financial math question to determine whether the formula above is the right one for it? Check or circle all that apply (usually there is more than 1): Scenario details: Need to find out how much will be in an account after a given stretch of time / Need actual percent a balance grows in a year / Need to know how long an investment will take to double / Need to determine the average yearly percent return on an investment / Need to determine how much interest was earned or paid / Need to determine a single amount to deposit now in order to end up with a specific amount in the future / Need to determine the repeated deposit amount needed in order to end up with a specific amount in the future / Need to determine payment amount required in order to repay a debt in a specific amount of time Interest : Earning interest / Paying interest / Neither Deposits or Payments: Single Deposit / Single Payment / Multiple Deposits / Multiple Payments / None How often compounding happens: Interest Compounded Annually / Interest Compounded Continuously / Interest Compounded Multiple Times A Year / None