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This Math PACE 1095 covers percent, discounts, mark-up, interest, etc. We have a special lesson just about compound interest linked below. 

[/cs_text][/cs_element_column][/cs_element_row][/cs_element_section][cs_element_section _id=”5″ ][cs_element_row _id=”6″ ][cs_element_column _id=”7″ ][x_custom_headline level=”h2″ looks_like=”h3″ accent=”false”]Overview[/x_custom_headline][/cs_element_column][/cs_element_row][cs_element_row _id=”9″ ][cs_element_column _id=”10″ ][cs_element_video _id=”11″ ][/cs_element_column][/cs_element_row][/cs_element_section][cs_element_section _id=”12″ ][cs_element_row _id=”13″ ][cs_element_column _id=”14″ ][x_custom_headline level=”h2″ looks_like=”h3″ accent=”false”]Pp 27-29[/x_custom_headline][/cs_element_column][/cs_element_row][cs_element_row _id=”16″ ][cs_element_column _id=”17″ ][cs_element_video _id=”18″ ][/cs_element_column][/cs_element_row][/cs_element_section][cs_element_section _id=”19″ ][cs_element_row _id=”20″ ][cs_element_column _id=”21″ ][x_custom_headline level=”h2″ looks_like=”h3″ accent=”false”]Pp 36-38[/x_custom_headline][/cs_element_column][/cs_element_row][cs_element_row _id=”23″ ][cs_element_column _id=”24″ ][cs_element_video _id=”25″ ][/cs_element_column][/cs_element_row][/cs_element_section][cs_element_section _id=”26″ ][cs_element_row _id=”27″ ][cs_element_column _id=”28″ ][x_custom_headline level=”h2″ looks_like=”h3″ accent=”false”]Pages 44-45[/x_custom_headline][/cs_element_column][/cs_element_row][cs_element_row _id=”30″ ][cs_element_column _id=”31″ ][cs_element_video _id=”32″ ][/cs_element_column][/cs_element_row][/cs_element_section][cs_element_section _id=”33″ ][cs_element_row _id=”34″ ][cs_element_column _id=”35″ ][x_custom_headline level=”h2″ looks_like=”h3″ accent=”false”]Pp 45-46[/x_custom_headline][/cs_element_column][/cs_element_row][cs_element_row _id=”37″ ][cs_element_column _id=”38″ ][cs_element_video _id=”39″ ][/cs_element_column][/cs_element_row][cs_element_layout_row _id=”40″ ][cs_element_layout_column _id=”41″ ][cs_text]Oops! Thanks to Judy’s sharp eye, she caught a mistake I made in this video! After I calculated the interest to be $16 I only added $6 to the $800. The balance should be $816 instead of 806 after the first 6 months. That error affects my next calculations as well. For sure you’ll catch it when you go to score, but that’s the reason that number is wrong.
One more thing . . . . Judy suggested that that instead of multiplying by 0.25 or 0.5 for quarterly or semi-annual interest, you might find it easier to divide by 4 for quarterly, and divide by 2 for semi-annual. In the problem 15, the interest for the first year was $32, but we could divide by 2 since there are two semi-annual periods in a year, and get the $16 answer for interest earned. Hope that helps![/cs_text][/cs_element_layout_column][/cs_element_layout_row][/cs_element_section][/cs_content]