solving for the number of compounding period, n参考.pptVIP

Chapter 9 Compound Interest: Further Topics and Applications 9.2 solving for the number of compounding period, n Algebraic method: Financial Calculator Method: Noninteger value for n Sometimes an investment or a loan has a term that isn’t an integer number of compounding periods. In such cases, n is a noninteger. It includes the decimal fraction for the last partial compounding period. But the procedures are the same as for integer values of n. The algebraic method and financial calculator method work with both integer and noninteger values for n. Example 9.2 B Calculating and