{"id":1097,"date":"2017-01-11T23:51:32","date_gmt":"2017-01-11T23:51:32","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/waymakermath4libarts\/?post_type=chapter&p=1097"},"modified":"2020-04-24T15:55:01","modified_gmt":"2020-04-24T15:55:01","slug":"introduction-accounts-that-gain-interest","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/mathforliberalartscorequisite\/chapter\/introduction-accounts-that-gain-interest\/","title":{"raw":"Introduction to Annuities and Loans","rendered":"Introduction to Annuities and Loans"},"content":{"raw":"

What you\u2019ll learn to do: Calculate interest rate, time, balance, payouts, payments, and initial amounts of both annuities and loans<\/h2>\r\nFor most of us, we aren\u2019t able to put a large sum of money in the bank today. Instead, we save for the future by depositing a smaller amount of money from each paycheck into the bank. In this section, we will explore the math behind specific kinds of accounts that gain interest over time, like retirement accounts. We will also explore how mortgages and car loans, called installment loans, are calculated.\r\n\r\n\"\"<\/a>","rendered":"

What you\u2019ll learn to do: Calculate interest rate, time, balance, payouts, payments, and initial amounts of both annuities and loans<\/h2>\n

For most of us, we aren\u2019t able to put a large sum of money in the bank today. Instead, we save for the future by depositing a smaller amount of money from each paycheck into the bank. In this section, we will explore the math behind specific kinds of accounts that gain interest over time, like retirement accounts. We will also explore how mortgages and car loans, called installment loans, are calculated.<\/p>\n

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Candela Citations<\/h3>\n\t\t\t\t\t
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