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Standards/Math/Alabama/MM.4

MM.4

MM Mathematical Modeling
MM.1
MM.10
MM.11
MM.12
MM.13
MM.14
MM.15
MM.16
MM.17
MM.18
MM.19
MM.2
MM.20
MM.21
MM.22
MM.3
MM.4
MM.4.a
MM.5
MM.6
MM.7
MM.8
MM.9

Organize and display financial information using geometric sequences to represent compound interest and proportional depreciation, including periodic (yearly, monthly, weekly) and continuous compounding.

MM.4.aExplain the relationship between annual percentage yield (APY) and annual percentage rate (APR) as values for r in the formulas A=P(1+r)^t and A=Pe^rt.
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