Difference between simple interest and simple discount, statistics homework help
Explain each question – 75 words or less.
- Explain the units of rate and time in simple interest problems. They must match.
- Difference between simple interest and simple discount.
- Why is the time value of money concept important? In what quantitative decisions might the time value of money be used? How do you apply the time value of money concept to make decisions in your personal life? How might you use the Time Value of Money concept as a quantitative reasoning tool in business?
- Evaluate ordinary and exact interest.
- Compound Interest and difference between compound and simple interest.
- Understand, evaluate, and analyze effective and quoted interest rates.
- How do you use Microsoft Excel® to evaluate future values, present values, rates, and time periods.
