Week 8 0.0 / 5 ? Business ManagementFundemtentals of business managment UniversityAll boards Created by: jf00632Created on: 20-01-19 15:21 What is the formula used for compound interest? The amount you have invested (1+percentage/100)how many years its in the bank 1 of 6 You invest 1250 in a savings account.. A constant interwst rate of 3% is given. How much will the investment be worth at the end of 1 year? 1250(1+3/100)1=1287.50 2 of 6 How do you claculate how much interest is ade on an investmnet? Do the formula to work out the total of the amount after the inerest. Then - the total from the orginial amount 3 of 6 What amount of interest is made from the first question? 1287.50-1250=£37.50 4 of 6 How do you calculate sinking fund? LOOK AT NOTES 5 of 6 How do you calculate present value? the value of the sum(%+1)how long for in (-) LOOK AT NOTES FOR EXAMPLES AND BETTER EXP;AANTION 6 of 6
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