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Business Mathematics in Canada 4e
Business Mathematics in Canada, 4/e
F. Ernest Jerome
Compound Interest: Further Topics and Applications

Below are the key terms featured in this chapter. Clicking on a term will reveal its definition. The textbook's full glossary is also available for online searching.
 
Effective interest rate  The equivalent annually compounded rate of interest.
(See page 358.)
Equivalent interest rates  Different nominal interest rates that produce the same maturity value of a given principal after one year.
(See page 365.)
Rule of 72  A rule of thumb for a quick estimation of the number of years it will take an investment to double at a known compound annual rate of return.
(See page 354.)




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