Key Term Non-annual compounding
5.6a Uneven Amounts
5.6b Time Periods of Less Than a Year
5.6c Non-annual Compounding
5.6d Loan Payments Calculations
Non-annual compounding
spreadsheet software, or an online app will allow you to compute the monthly repayment amount.
Uneven amounts require individual calculations for the time value of money.
Earning interest more than once a year is called: