INTEREST TEXT
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FILENAME(S): INTEREST TEXT
FILE TYPE(S): PRG
FILE SIZE: 3.3K
FIRST SEEN: 2025-10-19 22:49:31
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929c1f45ec25dd1e48afb8be7a7bf2184142728c46999b1bec3f6e03e9309a15
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| DISK TITLE | FILENAME | FILE TYPE | COLLECTION | TRACK | SECTOR | ACTIONS |
|---|---|---|---|---|---|---|
| GOLD DISK 8 | INTEREST TEXT | PRG | Radd Maxx | 3 | 2 | DOWNLOAD FILE |
FILE CONTENT & ANALYSIS
00000000: E9 92 5E 20 6C 45 54 27 53 20 54 41 4B 45 20 41 |..^ lET'S TAKE A| 00000010: 4E 20 49 4E 54 45 52 45 53 54 20 49 4E 20 4D 4F |N INTEREST IN MO| 00000020: 4E 45 59 20 0D 0D 0D 77 48 41 54 20 49 53 20 69 |NEY ...wHAT IS i| 00000030: 4E 54 45 52 45 53 54 3F 0D 0D 69 4E 54 45 52 45 |NTEREST?..iNTERE| 00000040: 53 54 20 49 53 20 54 48 45 20 41 4D 4F 55 4E 54 |ST IS THE AMOUNT| 00000050: 20 4F 46 20 4D 4F 4E 45 59 20 45 41 52 4E 45 44 | OF MONEY EARNED| 00000060: 0D 46 52 4F 4D 20 4D 4F 4E 45 59 20 49 4E 56 45 |.FROM MONEY INVE| 00000070: 53 54 45 44 20 4F 56 45 52 20 41 20 50 45 52 49 |STED OVER A PERI| 00000080: 4F 44 20 4F 46 0D 54 49 4D 45 2E 20 20 69 4E 56 |OD OF.TIME. iNV| 00000090: 45 53 54 4D 45 4E 54 53 20 43 41 4E 20 49 4E 43 |ESTMENTS CAN INC| 000000A0: 4C 55 44 45 20 42 41 4E 4B 0D 41 43 43 4F 55 4E |LUDE BANK.ACCOUN| 000000B0: 54 53 2C 20 42 4F 4E 44 53 2C 20 54 45 52 4D 20 |TS, BONDS, TERM | 000000C0: 44 45 50 4F 53 49 54 53 20 41 4E 44 0D 49 4E 56 |DEPOSITS AND.INV| 000000D0: 45 53 54 4D 45 4E 54 20 43 45 52 54 49 46 49 43 |ESTMENT CERTIFIC| 000000E0: 41 54 45 53 2E 0D 0D 74 48 45 52 45 20 41 52 45 |ATES...tHERE ARE| 000000F0: 20 32 20 57 41 59 53 20 54 4F 20 43 41 4C 43 55 | 2 WAYS TO CALCU| 00000100: 4C 41 54 45 20 49 4E 54 45 52 45 53 54 3A 0D 53 |LATE INTEREST:.S| 00000110: 49 4D 50 4C 45 20 41 4E 44 20 43 4F 4D 50 4F 55 |IMPLE AND COMPOU| 00000120: 4E 44 45 44 2E 20 20 73 49 4D 50 4C 45 20 49 4E |NDED. sIMPLE IN| 00000130: 54 45 52 45 53 54 0D 49 53 20 4D 4F 4E 45 59 20 |TEREST.IS MONEY | 00000140: 45 41 52 4E 45 44 20 4F 4E 20 54 48 45 20 4D 4F |EARNED ON THE MO| 00000150: 4E 45 59 20 49 4E 56 45 53 54 45 44 0D 4F 4E 4C |NEY INVESTED.ONL| 00000160: 59 2E 20 20 63 4F 4D 50 4F 55 4E 44 20 49 4E 54 |Y. cOMPOUND INT| 00000170: 45 52 45 53 54 20 49 53 20 4D 4F 4E 45 59 20 45 |EREST IS MONEY E| 00000180: 41 52 4E 45 44 4F 4E 20 54 48 45 20 4D 4F 4E 45 |ARNEDON THE MONE| 00000190: 59 20 49 4E 56 45 53 54 45 44 20 70 6C 75 73 20 |Y INVESTED plus | 000001A0: 41 4E 59 20 49 4E 54 45 52 45 53 54 0D 45 41 52 |ANY INTEREST.EAR| 000001B0: 4E 45 44 2E 20 20 74 48 49 53 20 57 41 59 2C 20 |NED. tHIS WAY, | 000001C0: 49 4E 54 45 52 45 53 54 20 49 53 20 45 41 52 4E |INTEREST IS EARN| 000001D0: 45 44 0D 4F 4E 20 49 4E 54 45 52 45 53 54 2E 0D |ED.ON INTEREST..| 000001E0: 0D 62 45 46 4F 52 45 20 57 45 20 47 4F 20 4F 4E |.bEFORE WE GO ON| 000001F0: 2C 20 4C 45 54 27 53 20 52 45 56 49 45 57 20 53 |, LET'S REVIEW S| 00000200: 4F 4D 45 20 54 45 52 4D 53 5E 20 74 45 52 4D 49 |OME TERMS^ tERMI| 00000210: 4E 4F 4C 4F 47 59 20 0D 0D 0D 70 52 49 4E 43 49 |NOLOGY ...pRINCI| 00000220: 50 41 4C 3A 20 74 48 45 20 41 4D 4F 55 4E 54 20 |PAL: tHE AMOUNT | 00000230: 4F 46 20 4D 4F 4E 45 59 20 55 53 45 44 20 54 4F |OF MONEY USED TO| 00000240: 0D 20 20 20 20 20 20 20 20 20 20 20 45 41 52 4E |. EARN| 00000250: 20 49 4E 54 45 52 45 53 54 20 28 54 48 45 20 4D | INTEREST (THE M| 00000260: 4F 4E 45 59 20 54 4F 0D 20 20 20 20 20 20 20 20 |ONEY TO. | 00000270: 20 20 20 42 45 20 49 4E 56 45 53 54 45 44 29 2E | BE INVESTED).| 00000280: 0D 0D 69 4E 54 45 52 45 53 54 3A 20 20 74 48 45 |..iNTEREST: tHE| 00000290: 20 52 41 54 45 20 4F 46 20 52 45 54 55 52 4E 20 | RATE OF RETURN | 000002A0: 4F 4E 20 54 48 45 0D 72 41 54 45 20 20 20 20 20 |ON THE.rATE | 000002B0: 20 20 49 4E 56 45 53 54 4D 45 4E 54 2E 20 20 69 | INVESTMENT. i| 000002C0: 4E 54 45 52 45 53 54 20 49 53 0D 20 20 20 20 20 |NTEREST IS. | 000002D0: 20 20 20 20 20 20 45 58 50 52 45 53 53 45 44 20 | EXPRESSED | 000002E0: 41 53 20 41 20 50 45 52 43 45 4E 54 41 47 45 20 |AS A PERCENTAGE | 000002F0: 26 0D 20 20 20 20 20 20 20 20 20 20 20 55 53 55 |&. USU| 00000300: 41 4C 4C 59 20 52 45 46 4C 45 43 54 53 20 54 48 |ALLY REFLECTS TH| 00000310: 45 20 45 41 52 4E 49 4E 47 0D 20 20 20 20 20 20 |E EARNING. | 00000320: 20 20 20 20 20 50 4F 57 45 52 20 4F 56 45 52 20 | POWER OVER | 00000330: 41 20 59 45 41 52 2E 0D 0D 74 45 52 4D 3A 20 20 |A YEAR...tERM: | 00000340: 20 20 20 20 74 48 45 20 50 45 52 49 4F 44 20 4F | tHE PERIOD O| 00000350: 46 20 54 49 4D 45 20 4F 56 45 52 20 57 48 49 43 |F TIME OVER WHIC| 00000360: 48 20 20 20 20 20 20 20 20 20 20 20 54 48 45 20 |H THE | 00000370: 49 4E 56 45 53 54 4D 45 4E 54 20 49 53 20 4D 41 |INVESTMENT IS MA| 00000380: 44 45 2E 20 20 74 48 45 0D 20 20 20 20 20 20 20 |DE. tHE. | 00000390: 20 20 20 20 55 4E 49 54 53 20 46 4F 52 20 54 49 | UNITS FOR TI| 000003A0: 4D 45 20 49 53 20 4C 45 46 54 20 54 4F 20 54 48 |ME IS LEFT TO TH| 000003B0: 45 20 20 20 20 20 20 20 20 20 20 20 55 53 45 52 |E USER| 000003C0: 2E 0D 5E 20 74 45 52 4D 49 4E 4F 4C 4F 47 59 20 |..^ tERMINOLOGY | 000003D0: 0D 0D 0D 63 4F 4D 50 4F 55 4E 44 3A 20 20 66 4F |...cOMPOUND: fO| 000003E0: 52 20 49 4E 54 45 52 45 53 54 20 43 41 4C 43 55 |R INTEREST CALCU| 000003F0: 4C 41 54 45 44 20 4F 4E 0D 70 45 52 49 4F 44 20 |LATED ON.pERIOD | 00000400: 20 20 20 20 41 20 43 4F 4D 50 4F 55 4E 44 45 44 | A COMPOUNDED| 00000410: 20 42 41 53 49 53 2C 20 54 48 45 0D 20 20 20 20 | BASIS, THE. | 00000420: 20 20 20 20 20 20 20 43 4F 4D 50 4F 55 4E 44 20 | COMPOUND | 00000430: 50 45 52 49 4F 44 20 49 4E 44 49 43 41 54 45 53 |PERIOD INDICATES| 00000440: 20 48 4F 57 20 20 20 20 20 20 20 20 20 20 20 4F | HOW O| 00000450: 46 54 45 4E 20 54 48 45 20 49 4E 54 45 52 45 53 |FTEN THE INTERES| 00000460: 54 20 49 53 20 54 4F 20 42 45 0D 20 20 20 20 20 |T IS TO BE. | 00000470: 20 20 20 20 20 20 41 44 44 45 44 20 54 4F 20 54 | ADDED TO T| 00000480: 48 45 20 50 52 49 4E 43 49 50 41 4C 2E 0D 0D 61 |HE PRINCIPAL...a| 00000490: 4D 4F 55 4E 54 3A 20 20 20 20 61 4D 4F 55 4E 54 |MOUNT: aMOUNT| 000004A0: 20 49 53 20 43 4F 4D 4D 4F 4E 4C 59 20 55 53 45 | IS COMMONLY USE| 000004B0: 44 20 54 4F 0D 20 20 20 20 20 20 20 20 20 20 20 |D TO. | 000004C0: 53 50 45 43 49 46 59 20 54 48 45 20 56 41 4C 55 |SPECIFY THE VALU| 000004D0: 45 20 4F 46 20 54 48 45 0D 20 20 20 20 20 20 20 |E OF THE. | 000004E0: 20 20 20 20 49 4E 56 45 53 54 4D 45 4E 54 20 41 | INVESTMENT A| 000004F0: 46 54 45 52 20 54 48 45 20 54 45 52 4D 2E 0D 20 |FTER THE TERM.. | 00000500: 20 20 20 20 20 20 20 20 20 20 61 4D 4F 55 4E 54 | aMOUNT| 00000510: 20 57 49 4C 4C 20 49 4E 43 4C 55 44 45 20 54 48 | WILL INCLUDE TH| 00000520: 45 0D 20 20 20 20 20 20 20 20 20 20 20 50 52 49 |E. PRI| 00000530: 4E 43 49 50 41 4C 20 41 4E 44 20 41 4C 4C 20 49 |NCIPAL AND ALL I| 00000540: 4E 54 45 52 45 53 54 0D 20 20 20 20 20 20 20 20 |NTEREST. | 00000550: 20 20 20 45 41 52 4E 45 44 2E 0D 5E 20 73 49 4D | EARNED..^ sIM| 00000560: 50 4C 45 20 69 4E 54 45 52 45 53 54 20 0D 0D 0D |PLE iNTEREST ...| 00000570: 61 53 20 4D 45 4E 54 49 4F 4E 45 44 2C 20 53 49 |aS MENTIONED, SI| 00000580: 4D 50 4C 45 20 49 4E 54 45 52 45 53 54 20 49 53 |MPLE INTEREST IS| 00000590: 0D 49 4E 54 45 52 45 53 54 20 45 41 52 4E 45 44 |.INTEREST EARNED| 000005A0: 20 4F 4E 20 54 48 45 20 50 52 49 4E 43 49 50 41 | ON THE PRINCIPA| 000005B0: 4C 20 4F 4E 4C 59 2E 0D 68 45 4E 43 45 2C 20 49 |L ONLY..hENCE, I| 000005C0: 54 53 20 43 41 4C 43 55 4C 41 54 49 4F 4E 20 49 |TS CALCULATION I| 000005D0: 53 20 56 45 52 59 20 53 49 4D 50 4C 45 2E 0D 0D |S VERY SIMPLE...| 000005E0: 0D 61 4D 4F 55 4E 54 3D 70 52 49 4E 43 49 50 41 |.aMOUNT=pRINCIPA| 000005F0: 4C 20 2A 20 28 31 20 2B 20 69 4E 54 45 52 45 53 |L * (1 + iNTERES| 00000600: 54 2A 54 45 52 4D 29 0D 20 20 20 20 20 20 20 20 |T*TERM). | 00000610: 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 | | 00000620: 72 41 54 45 0D 0D 0D 66 4F 52 20 45 58 41 4D 50 |rATE...fOR EXAMP| 00000630: 4C 45 2C 20 49 46 20 24 31 30 30 30 20 57 41 53 |LE, IF $1000 WAS| 00000640: 20 49 4E 56 45 53 54 45 44 20 46 4F 52 20 33 59 | INVESTED FOR 3Y| 00000650: 45 41 52 53 20 45 41 52 4E 49 4E 47 20 39 25 20 |EARS EARNING 9% | 00000660: 49 4E 54 45 52 45 53 54 2C 20 54 48 45 20 56 41 |INTEREST, THE VA| 00000670: 4C 55 45 20 4F 46 0D 54 48 45 20 49 4E 56 45 53 |LUE OF.THE INVES| 00000680: 54 4D 45 4E 54 20 49 53 3A 0D 0D 61 4D 4F 55 4E |TMENT IS:..aMOUN| 00000690: 54 20 3D 20 24 31 30 30 30 20 2A 20 28 31 2B 39 |T = $1000 * (1+9| 000006A0: 25 2A 33 29 20 3D 20 24 31 32 37 30 0D 0D 69 46 |%*3) = $1270..iF| 000006B0: 20 54 48 45 20 54 45 52 4D 20 49 53 20 4C 45 53 | THE TERM IS LES| 000006C0: 53 20 54 48 41 4E 20 41 20 59 45 41 52 2C 20 54 |S THAN A YEAR, T| 000006D0: 48 45 4E 20 41 0D 46 52 41 43 54 49 4F 4E 20 49 |HEN A.FRACTION I| 000006E0: 53 20 55 53 45 44 20 54 4F 20 45 58 50 52 45 53 |S USED TO EXPRES| 000006F0: 53 20 54 48 45 20 54 45 52 4D 20 49 4E 0D 59 45 |S THE TERM IN.YE| 00000700: 41 52 53 2E 20 20 65 47 20 36 20 4D 4F 4E 54 48 |ARS. eG 6 MONTH| 00000710: 53 20 49 53 20 55 53 45 44 20 41 53 20 31 2F 32 |S IS USED AS 1/2| 00000720: 20 59 45 41 52 2E 5E 20 63 4F 4D 50 4F 55 4E 44 | YEAR.^ cOMPOUND| 00000730: 20 69 4E 54 45 52 45 53 54 20 0D 0D 0D 63 4F 4D | iNTEREST ...cOM| 00000740: 50 4F 55 4E 44 20 49 4E 54 45 52 45 53 54 20 49 |POUND INTEREST I| 00000750: 53 20 42 59 20 46 41 52 20 54 48 45 20 4D 4F 53 |S BY FAR THE MOS| 00000760: 54 0D 43 4F 4D 4D 4F 4E 20 4D 45 54 48 4F 44 20 |T.COMMON METHOD | 00000770: 4F 46 20 43 41 4C 43 55 4C 41 54 49 4E 47 20 49 |OF CALCULATING I| 00000780: 4E 54 45 52 45 53 54 2E 0D 6D 4F 53 54 20 42 41 |NTEREST..mOST BA| 00000790: 4E 4B 20 41 43 43 4F 55 4E 54 53 20 55 53 45 20 |NK ACCOUNTS USE | 000007A0: 54 48 49 53 20 4D 45 54 48 4F 44 2E 20 20 69 54 |THIS METHOD. iT| 000007B0: 0D 49 53 20 48 4F 57 45 56 45 52 2C 20 53 4C 49 |.IS HOWEVER, SLI| 000007C0: 47 48 54 4C 59 20 4D 4F 52 45 20 43 4F 4D 50 4C |GHTLY MORE COMPL| 000007D0: 49 43 41 54 45 44 20 54 4F 43 41 4C 43 55 4C 41 |ICATED TOCALCULA| 000007E0: 54 45 2E 0D 0D 6C 45 54 27 53 20 49 4C 4C 55 53 |TE...lET'S ILLUS| 000007F0: 54 52 41 54 45 20 43 4F 4D 50 4F 55 4E 44 20 49 |TRATE COMPOUND I| 00000800: 4E 54 45 52 45 53 54 20 42 59 20 41 4E 45 58 41 |NTEREST BY ANEXA| 00000810: 4D 50 4C 45 2E 20 20 73 55 50 50 4F 53 45 20 57 |MPLE. sUPPOSE W| 00000820: 45 20 55 53 45 20 54 48 45 20 4F 52 49 47 49 4E |E USE THE ORIGIN| 00000830: 41 4C 0D 45 58 41 4D 50 4C 45 20 4F 46 20 24 31 |AL.EXAMPLE OF $1| 00000840: 30 30 30 20 49 4E 56 45 53 54 45 44 20 46 4F 52 |000 INVESTED FOR| 00000850: 20 33 20 59 45 41 52 53 0D 57 49 54 48 20 39 25 | 3 YEARS.WITH 9%| 00000860: 20 49 4E 54 45 52 45 53 54 20 41 4E 4E 55 41 4C | INTEREST ANNUAL| 00000870: 4C 59 2E 20 20 6E 4F 57 20 57 45 20 41 44 44 0D |LY. nOW WE ADD.| 00000880: 54 48 45 20 50 48 52 41 53 45 3A 20 63 4F 4D 50 |THE PHRASE: cOMP| 00000890: 4F 55 4E 44 45 44 20 41 4E 4E 55 41 4C 4C 59 2C |OUNDED ANNUALLY,| 000008A0: 20 54 48 45 0D 56 41 4C 55 45 20 4F 46 20 54 48 | THE.VALUE OF TH| 000008B0: 45 20 49 4E 56 45 53 54 4D 45 4E 54 20 49 53 3A |E INVESTMENT IS:| 000008C0: 0D 0D 61 46 54 45 52 20 59 45 41 52 20 31 3A 20 |..aFTER YEAR 1: | 000008D0: 61 4D 4F 55 4E 54 20 3D 20 24 31 30 30 30 20 2A |aMOUNT = $1000 *| 000008E0: 20 28 31 2B 39 25 29 0D 20 20 20 20 20 20 20 20 | (1+9%). | 000008F0: 20 20 20 20 20 20 20 20 20 20 20 20 20 3D 20 24 | = $| 00000900: 31 30 39 30 0D 28 74 48 49 53 20 41 4D 4F 55 4E |1090.(tHIS AMOUN| 00000910: 54 20 42 45 43 4F 4D 45 53 20 54 48 45 20 4E 45 |T BECOMES THE NE| 00000920: 57 20 50 52 49 4E 43 49 50 41 4C 29 0D 5E 20 63 |W PRINCIPAL).^ c| 00000930: 4F 4D 50 4F 55 4E 44 20 69 4E 54 45 52 45 53 54 |OMPOUND iNTEREST| 00000940: 20 0D 0D 0D 61 46 54 45 52 20 59 45 41 52 20 32 | ...aFTER YEAR 2| 00000950: 3A 20 61 4D 4F 55 4E 54 20 3D 20 24 31 30 39 30 |: aMOUNT = $1090| 00000960: 20 2A 20 28 31 2B 39 25 29 0D 20 20 20 20 20 20 | * (1+9%). | 00000970: 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 3D | =| 00000980: 20 24 31 31 38 38 2E 31 30 0D 28 74 48 49 53 20 | $1188.10.(tHIS | 00000990: 41 4D 4F 55 4E 54 20 42 45 43 4F 4D 45 53 20 54 |AMOUNT BECOMES T| 000009A0: 48 45 20 4E 45 57 20 50 52 49 4E 43 49 50 41 4C |HE NEW PRINCIPAL| 000009B0: 29 0D 0D 0D 61 46 54 45 52 20 59 45 41 52 20 33 |)...aFTER YEAR 3| 000009C0: 3A 20 61 4D 4F 55 4E 54 20 3D 20 24 31 31 38 38 |: aMOUNT = $1188| 000009D0: 2E 31 30 20 2A 20 28 31 2B 39 25 29 20 20 20 20 |.10 * (1+9%) | 000009E0: 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 | | 000009F0: 20 3D 20 24 31 32 39 35 2E 30 33 0D 0D 74 48 45 | = $1295.03..tHE| 00000A00: 52 45 46 4F 52 45 20 54 48 45 20 54 4F 54 41 4C |REFORE THE TOTAL| 00000A10: 20 41 4D 4F 55 4E 54 20 4F 46 20 49 4E 54 45 52 | AMOUNT OF INTER| 00000A20: 45 53 54 0D 45 41 52 4E 45 44 20 49 53 20 24 32 |EST.EARNED IS $2| 00000A30: 39 35 2E 30 33 2E 0D 0D 6E 4F 54 49 43 45 20 54 |95.03...nOTICE T| 00000A40: 48 41 54 20 57 45 20 48 41 56 45 44 20 45 41 52 |HAT WE HAVED EAR| 00000A50: 4E 45 44 20 24 32 35 2E 30 33 0D 4D 4F 52 45 20 |NED $25.03.MORE | 00000A60: 54 48 41 4E 20 54 48 45 20 53 49 4D 50 4C 45 20 |THAN THE SIMPLE | 00000A70: 49 4E 54 45 52 45 53 54 20 4D 45 54 48 4F 44 2E |INTEREST METHOD.| 00000A80: 0D 5E 20 63 4F 4D 50 4F 55 4E 44 20 69 4E 54 45 |.^ cOMPOUND iNTE| 00000A90: 52 45 53 54 20 0D 0D 0D 74 48 45 20 46 4F 52 4D |REST ...tHE FORM| 00000AA0: 55 4C 41 20 46 4F 52 20 43 4F 4D 50 4F 55 4E 44 |ULA FOR COMPOUND| 00000AB0: 20 49 4E 54 45 52 45 53 54 20 49 53 3A 0D 0D 20 | INTEREST IS:.. | 00000AC0: 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 | | 00000AD0: 20 20 20 20 20 4E 2A 54 0D 20 20 20 61 20 3D 20 | N*T. a = | 00000AE0: 70 20 2A 20 28 20 31 20 2B 20 49 2F 4E 20 29 0D |p * ( 1 + I/N ).| 00000AF0: 0D 57 48 45 52 45 3A 0D 20 20 20 20 20 20 20 61 |.WHERE:. a| 00000B00: 20 3D 20 61 4D 4F 55 4E 54 0D 20 20 20 20 20 20 | = aMOUNT. | 00000B10: 20 70 20 3D 20 70 52 49 4E 43 49 50 41 4C 0D 20 | p = pRINCIPAL. | 00000B20: 20 20 20 20 20 20 49 20 3D 20 41 4E 4E 55 41 4C | I = ANNUAL| 00000B30: 20 49 4E 54 45 52 45 53 54 20 52 41 54 45 0D 20 | INTEREST RATE. | 00000B40: 20 20 20 20 20 20 4E 20 3D 20 54 48 45 20 4E 55 | N = THE NU| 00000B50: 4D 42 45 52 20 54 49 4D 45 53 20 49 4E 54 45 52 |MBER TIMES INTER| 00000B60: 45 53 54 20 49 53 0D 20 20 20 20 20 20 20 20 20 |EST IS. | 00000B70: 20 20 43 41 4C 41 43 55 4C 41 54 45 44 20 57 49 | CALACULATED WI| 00000B80: 54 48 49 4E 20 41 20 59 45 41 52 0D 20 20 20 20 |THIN A YEAR. | 00000B90: 20 20 20 54 20 3D 20 74 45 52 4D 20 49 4E 20 59 | T = tERM IN Y| 00000BA0: 45 41 52 53 0D 0D 66 4F 52 20 45 58 41 4D 50 4C |EARS..fOR EXAMPL| 00000BB0: 45 2C 20 41 20 24 35 30 30 30 20 49 4E 56 45 53 |E, A $5000 INVES| 00000BC0: 54 4D 45 4E 54 20 46 4F 52 20 32 0D 20 59 45 41 |TMENT FOR 2. YEA| 00000BD0: 52 53 20 45 41 52 4E 49 4E 47 20 31 32 25 20 43 |RS EARNING 12% C| 00000BE0: 4F 4D 50 4F 55 4E 44 45 44 20 53 45 4D 49 2D 0D |OMPOUNDED SEMI-.| 00000BF0: 20 41 4E 4E 55 41 4C 4C 59 20 53 48 4F 55 4C 44 | ANNUALLY SHOULD| 00000C00: 20 55 53 45 3A 0D 0D 20 70 3D 35 30 30 30 3A 20 | USE:.. p=5000: | 00000C10: 49 3D 31 32 3A 20 4E 3D 32 0D 5E 20 75 53 49 4E |I=12: N=2.^ uSIN| 00000C20: 47 20 54 48 45 20 50 52 4F 47 52 41 4D 20 0D 0D |G THE PROGRAM ..| 00000C30: 0D 74 48 45 20 45 4E 43 4C 4F 53 45 44 20 50 52 |.tHE ENCLOSED PR| 00000C40: 4F 47 52 41 4D 20 49 53 20 44 45 53 49 47 4E 45 |OGRAM IS DESIGNE| 00000C50: 44 20 54 4F 20 48 45 4C 50 43 41 4C 43 55 4C 41 |D TO HELPCALCULA| 00000C60: 54 45 20 49 4E 54 45 52 45 53 54 20 55 53 49 4E |TE INTEREST USIN| 00000C70: 47 20 42 4F 54 48 20 53 49 4D 50 4C 45 0D 41 4E |G BOTH SIMPLE.AN| 00000C80: 44 20 43 4F 4D 50 4F 55 4E 44 20 43 41 4C 43 55 |D COMPOUND CALCU| 00000C90: 4C 41 54 49 4F 4E 20 4D 45 54 48 4F 44 53 2E 0D |LATION METHODS..| 00000CA0: 0D 74 4F 20 55 53 45 2C 20 4A 55 53 54 20 46 4F |.tO USE, JUST FO| 00000CB0: 4C 4C 4F 57 20 54 48 45 20 49 4E 53 54 52 55 43 |LLOW THE INSTRUC| 00000CC0: 54 49 4F 4E 53 20 4F 4E 0D 45 41 43 48 20 53 43 |TIONS ON.EACH SC| 00000CD0: 52 45 45 4E 2E 0D 0D 0D 0D 0D 0D 0D 0D 0D 0D 0D |REEN............| 00000CE0: 0D 0D 68 49 54 20 3C 72 45 54 55 52 4E 3E 20 4B |..hIT <rETURN> K| 00000CF0: 45 59 20 54 4F 20 53 54 41 52 54 20 50 52 4F 47 |EY TO START PROG| 00000D00: 52 41 4D 0D 5E |RAM.^ |
..^ LET'S TAKE AN INTEREST IN MONEY ...W
HAT IS INTEREST?..INTEREST IS THE AMOUNT
OF MONEY EARNED.FROM MONEY INVESTED OVE
R A PERIOD OF.TIME. INVESTMENTS CAN INC
LUDE BANK.ACCOUNTS, BONDS, TERM DEPOSITS
AND.INVESTMENT CERTIFICATES...THERE ARE
2 WAYS TO CALCULATE INTEREST:.SIMPLE AN
D COMPOUNDED. SIMPLE INTEREST.IS MONEY
EARNED ON THE MONEY INVESTED.ONLY. COMP
OUND INTEREST IS MONEY EARNEDON THE MONE
Y INVESTED PLUS ANY INTEREST.EARNED. TH
IS WAY, INTEREST IS EARNED.ON INTEREST..
.BEFORE WE GO ON, LET'S REVIEW SOME TERM
S^ TERMINOLOGY ...PRINCIPAL: THE AMOUNT
OF MONEY USED TO. EARN INTERES
T (THE MONEY TO. BE INVESTED).
..INTEREST: THE RATE OF RETURN ON THE.R
ATE INVESTMENT. INTEREST IS.
EXPRESSED AS A PERCENTAGE &.
USUALLY REFLECTS THE EARNING.
POWER OVER A YEAR...TERM: THE
PERIOD OF TIME OVER WHICH THE
INVESTMENT IS MADE. THE. UNIT
S FOR TIME IS LEFT TO THE USER
..^ TERMINOLOGY ...COMPOUND: FOR INTERE
ST CALCULATED ON.PERIOD A COMPOUNDED
BASIS, THE. COMPOUND PERIOD I
NDICATES HOW OFTEN THE INTERES
T IS TO BE. ADDED TO THE PRINC
IPAL...AMOUNT: AMOUNT IS COMMONLY USE
D TO. SPECIFY THE VALUE OF THE
. INVESTMENT AFTER THE TERM..
AMOUNT WILL INCLUDE THE.
PRINCIPAL AND ALL INTEREST.
EARNED..^ SIMPLE INTEREST ...AS MENTI
ONED, SIMPLE INTEREST IS.INTEREST EARNED
ON THE PRINCIPAL ONLY..HENCE, ITS CALCU
LATION IS VERY SIMPLE....AMOUNT=PRINCIPA
L * (1 + INTEREST*TERM).
RATE...FOR EXAMPLE, IF $1000 WAS
INVESTED FOR 3YEARS EARNING 9% INTEREST
, THE VALUE OF.THE INVESTMENT IS:..AMOUN
T = $1000 * (1+9%*3) = $1270..IF THE TER
M IS LESS THAN A YEAR, THEN A.FRACTION I
S USED TO EXPRESS THE TERM IN.YEARS. EG
6 MONTHS IS USED AS 1/2 YEAR.^ COMPOUND
INTEREST ...COMPOUND INTEREST IS BY FAR
THE MOST.COMMON METHOD OF CALCULATING I
NTEREST..MOST BANK ACCOUNTS USE THIS MET
HOD. IT.IS HOWEVER, SLIGHTLY MORE COMPL
ICATED TOCALCULATE...LET'S ILLUSTRATE CO
MPOUND INTEREST BY ANEXAMPLE. SUPPOSE W
E USE THE ORIGINAL.EXAMPLE OF $1000 INVE
STED FOR 3 YEARS.WITH 9% INTEREST ANNUAL
LY. NOW WE ADD.THE PHRASE: COMPOUNDED A
NNUALLY, THE.VALUE OF THE INVESTMENT IS:
..AFTER YEAR 1: AMOUNT = $1000 * (1+9%).
= $1090.(THIS AMOUN
T BECOMES THE NEW PRINCIPAL).^ COMPOUND
INTEREST ...AFTER YEAR 2: AMOUNT = $1090
* (1+9%). = $1188.1
0.(THIS AMOUNT BECOMES THE NEW PRINCIPAL
)...AFTER YEAR 3: AMOUNT = $1188.10 * (1
+9%) = $1295.03..THE
REFORE THE TOTAL AMOUNT OF INTEREST.EARN
ED IS $295.03...NOTICE THAT WE HAVED EAR
NED $25.03.MORE THAN THE SIMPLE INTEREST
METHOD..^ COMPOUND INTEREST ...THE FORM
ULA FOR COMPOUND INTEREST IS:..
N*T. A = P * ( 1 + I/N ).
.WHERE:. A = AMOUNT. P = PRI
NCIPAL. I = ANNUAL INTEREST RATE.
N = THE NUMBER TIMES INTEREST IS.
CALACULATED WITHIN A YEAR.
T = TERM IN YEARS..FOR EXAMPLE, A $50
00 INVESTMENT FOR 2. YEARS EARNING 12% C
OMPOUNDED SEMI-. ANNUALLY SHOULD USE:..
P=5000: I=12: N=2.^ USING THE PROGRAM ..
.THE ENCLOSED PROGRAM IS DESIGNED TO HEL
PCALCULATE INTEREST USING BOTH SIMPLE.AN
D COMPOUND CALCULATION METHODS...TO USE,
JUST FOLLOW THE INSTRUCTIONS ON.EACH SC
REEN..............HIT <RETURN> KEY TO ST
ART PROGRAM.^
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