MAT 115 WEEK 6 DISCUSSION 

MAT 115 WEEK 6 DISCUSSION  	
Compound Interest
The study of simple interest and discount is an effective way for you to internalize concepts related to the time value of money. However, compound interest is generally earned and paid on outstanding loans, and the effects of this concept are substantially different than that of simple interest over long periods of time.
In this module you will learn how to calculate compound interest for various compounding periods.
Learning Objectives
Upon completion of this module, you should be able to:
 
•         Calculate compound interest
•         Explain inflation
•         Calculate present and future values
 
Discuss Your Understanding of Each Area above

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