What is the future value of the account if only simple interest is earned?

Which formula would you use to find the simple interest?

is the yearly interest rate that is charged for borrowing money and is normally represented by the letter r.

A involves choosing a specific number of objects from a particular group of objects, using each only once, when the order in which they are chosen does matter and has the formula .

What is the future value of the account if the interest is compounded continuously for this time?

A involves choosing a specific number of objects from a particular group of objects, using each only once, when the order in which they are chosen does not matter and has the formula, .

is the interest that is computed based on both the principal and the accrued interest as additional principal at each time interval.

The is the total amount of money that has been accrued after compounding n intervals per year for t years and can be calculated using the formula, .

Question 10: (4pts) Payments on a mortgage are calculated using the formula:

Question 6: (2pts) Evaluate: