Math of Finance | Compounding Interest Example with BA II Plus Calculator

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  • เผยแพร่เมื่อ 7 ก.พ. 2025
  • Dr. Kate Zhang, Professor at Humber College solving:
    Compounding Interest Example with BA II Plus Calculator.
    Question 1: Mohammad asked a friend, Julie, to lend him $10,000 so that he can purchase a car. Mohammad will be able to pay the money back in 4 years and agreed to pay the interest of 10% per year compounding annually. How much does Mohammad need to pay back to Julie at the end of the 4th year?

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  • @Vikermajit
    @Vikermajit 3 ปีที่แล้ว

    Extraordinary explanation, Prof. Zhang. Easy to comprehend and understand. Now I understand compounding interest calculations. God bless.