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What is the general equation for simple interest?
I=P(r)(t)
What is the equation for
ordinary
interest?
I=P(r)(t
_{o}
)
t
_{o}
represents what formula?
How many days are used when calculating
ordinary
interest?
360
What is the equation for
exact
interest?
I=P(r)(t
_{e}
)
t
_{e}
represents what formula?
How many days are used when calculating
exact
interest?
365
When calculating the number of days between two dates, exclude the _____ date, but include the _____ date.
starting, final
Author
lalonzo
ID
320098
Card Set
Muksian Text
Description
Companion to Robert Muksian's, Mathematics of Interest Rates, Insurance, Social Security, and Pensions.
Updated
2016-05-14T19:28:55Z
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