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The Solution of a Difference Equation for Simple Interest Account

The Solution of a Difference Equation for Simple Interest Account. Basic Simple Interest Formula. Recall that the new balance of an account that earns simple interest can be found by using the formula B new = B previous + rP . Recall the following:

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The Solution of a Difference Equation for a Compound Interest Account

The Solution of a Difference Equation for a Compound Interest Account. Basic Compound Interest Formula. Recall that the new balance of an account that earns compound interest can be found by using the formula B new = (1 + i ) B previous . Recall the following:

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Initial value p - PowerPoint PPT Presentation

The Solution of a Difference Equation for Simple Interest Account

The Solution of a Difference Equation for a Compound Interest Account