Question: Define and solve for simple interest, calculate maturity value, use a table to find the number of days from one date to another, use the

  • Define and solve for simple interest, calculate maturity value, use a table to find the number of days from one date to another, use the actual number of days in a month to find the number of days one date to another, find exact and ordinary interest, and the basic terms use with note with the due date of a note.
  • Identify the principal, the rate, the time, the basic terms used with simple discount notes, the bank discount and proceeds, the face value, the effective interest rate and understand US Treasury bills.
  • Describe the concept of discounting a note, the proceeds when discounting simple interest notes, and the proceeds when discounting simple discount notes.
  • Explain how to use the simple interest formula, to caudate compound interest, interest rate per compounding period and number of compounding periods, use the M = P(1 + i) to find compound amount, and use the table to find compound amount.
  • Define savings and other interest bearing accounts, find interest compounded daily, time deposit accounts, inflation and the consumer price index, examine the effect of inflation on spendable income, and understand the roel of government related to inflation.
  • Identify the terms future value and present value, calculate present value, use future value and present value to estimate the value of a business.

After defining all on the top answer the questions below.

What was the most important thing you learned?

What important questions remain "unanswered?"

And also what is the two areas that really stood to you?

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