1. Compound Interest

2. Warm Up/Homework review
1. x = b = 8, -2
3. p = 7/ x = 12.5
5. a = x = 5
7. n = x = 1, -1
9. m = x = 1/28
11. v = x = (2 - 2e)/3e
25. x = 5.5

3. QUIZ!

4. Compound Interest
You make a $1000 deposit into an account that pays 12% interest compound annually. How much will you have in your account at the end of 10 years?

5. in years
n = 1, if annually; n = 12, if monthly
n = 52, if weekly; n = 4, if quarterly

6. Continuously compound
in years
e = Euler’s number =

7. quarterly?