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