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1. What is the equation for calculating simple interest? 2. What is the equation for calculating the amount? 3. What is the equation for calculating
1. What is the equation for calculating simple interest? 2. What is the equation for calculating the "amount"? 3. What is the equation for calculating the compound interest? 4. Complete the following table: Fraction for Time Periods Monthly Quarterly Semi-Annually Annually Principal Amount Amount Annual Interest Rate Interest Period First Period Interest Second Period Interest 670.00 5.50% Monthly 775.50 3.75% Semi Annually 950.25 4.53% Quarterly 5,412.90 7.30% Quarterly 11,345.60 2.55% Monthly 34,893.00 6.40% Semi Annually
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