ECON 202 Lecture Notes - Lecture 4: Accrued Interest, Compound Interest, Interest
24 Mar 2021
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I 23 - to: price of credit - demand & supply of credit, the amount due per period or atm 9, as a proportion of the amountm) Sanath , so30 borrowed or deposited: the total interest depends on. 1 simple the the length of time over what it is lent. Yearb. semi -animating, peg . pen today. I - yr later: cannot directly compare today with to be received at some future date. Money received today can be invested to earn a rate of. , posturing spending tsang d expect more money inthe future. At the end of the investment period , the principal plus interest is received on only the initial investment lor principal) received. 110%3 simple interest rate : g . ,000 today for a 5 yr term and receive 8% annual simpleinterest. nl. The interest that is earned on the principal amount invested and on any accrued interest.
