Section 2.6 Financial Mathematics: types of Compound Interest

[markbarsamian]

Section 2.6 Financial Mathematics: types of Compound Interest

Add Definition of Simple Interest A = P(1+rt)

Say "Periodically-Compunded Interest" for the function A = P(1+r/n)^(nt), on order to distinguish it from "Continuously-Compounded Interest" that (presumably) will make an appearance at some point in the book.

(Glancing at the table of contents, I'm unable to determine where Continuously Compounded Interest might show up in the book. But I'm assuming that it will show up at some point.)