## Compound interest |

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### Contents

ACCUMULATED AMOUNT | 3 |

The Accumulated Amount | 4 |

Interest Rate i per Period | 5 |

Copyright | |

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### Common terms and phrases

algebraically amortization amortization schedule annual payments annum compounded half-yearly annum convertible half-yearly annum payable approximately arithmetic arithmetic mean bond table bond with half-yearly borrower cash cent compound interest convertible quarterly coupon rate debt deposits discount rate effective annual rate effective interest rate effective rate equal equation equivalent example Exercises Find the amount Find the present Find the price Find the value five geometric progression given half-year half-yearly coupons instalments interest earned interest payments interest period investment investor issue issuer lender level monthly payments level payments line diagram Makeham's formula maturity mortgage mortgage loan nominal annual rate nominal interest rate nominal rate outstanding principal paid period hence premium present value principal and interest Prove purchase quarter-year rate of discount rate of interest redeemed repaid repayment schedule selling semi-annual Show significant figures simple interest straight term bond symbol unit Verify yearly yield rate