Deriving the Annual Compound Interest Formula For more free math videos, visit JustMathTutoring.com

**Video Rating: 4 / 5**

February 24th, 2013 admin

Deriving the Annual Compound Interest Formula For more free math videos, visit JustMathTutoring.com

**Video Rating: 4 / 5**

Can you do parenteses problems

how do i do quarterly?? and daily??

He does say where the one comes from. Watch an earlier video in this playlist and you will see. Think before you post…

{ (P x i) + P = Pi + P }

(Principle x interest) is due after the 1st year

Principle is returned after the 1st year

Factoring leads to P(1 + i )

in the lesson YOU DO NOT EXPLAIN WHERE YOU AND WHY YOU SAY one (1)

curious student will want to know where you get the ONE.

Thank you for the lesson

Joseph

Ezekiel 18:17

Withholds his hand from iniquity, takes no interest or profit, obeys my rules, and walks in my statutes; he shall not die for his father’s iniquity; he shall surely live.

the derivation looks like a wonderful proof to me

how do you prove this formula? by induction?

JESUS CHRIST – God Himself came into this world, He died for our sins, He was buried, and God the Father raised Him from the dead, and through His Sacrifice we live in victory – JESUS CHRIST IS LORD !

I hope I pass my math.This video is my saving grace. I am actually feeling hopeful. Thank you for taking the time to do this. You didnt have to. This is my last class before I graduate and I have less than 10 days left.

THNQ……………………………..

Thank You so much for the help i have had a late math assignment you were the only one who could help me understand thank you.

I think you should you are good at expaining clearly.

oops took

Yewh it tooks me a while to figure that out, if you multiply any number by one you get that number

he does use .06, he just simplifies the (1+.06)

Dear Patrick, can you please make a video on Newton’s law of cooling? I searched it on youtube and it was a suggestion with your name next to it but I guess there was no video. (Search Newtons law of cooling p…and patrickjmt pops up next to it)? Thanks

thanks!!!!!!!!!!!!!!!!

if you multiply a number by 1, it does not change. if you multiply it by 1.06, it gets larger by .06 or 6%

thanks for the help! wayy better than my math teacher blabbing on and on D:

but i’m still wondering, why is the 1+ there in the 1+ .06 ?

(sorry if that sounds stupid, but pleease reply!)

thanks

@patrickJMT

it is einstein

wake up mr jordan

Isn`t it 0.06 because it is 6% , not 60

i do not have any videos about annuities although i may make some soon!

Do you have a video where I can find help for calculations like this one?: What is the value of an annuity that will pay you $5000 each year for 30 years at a discount rate of 6%? What is the value of the annuity if you use a 12% discount rate?

Very neatly explained. Thanks.

thanks alot this question was really messing with me and ya it was for my grade 11 math exam