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Math in Daily Life : How to Calculate a Certificate of Deposit

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Uploaded by on Nov 21, 2008

Calculating a CD, or certificate of deposit, can be illustrated by the formula, A equals P times one plus R over 365, all of which is taken to the Nth power. Find out how much a certificate of deposit is worth with lessons from a math teacher in this free video on math calculations for daily life.

Expert: Jimmy Chang
Bio: Jimmy Chang has been a math teacher at St. Pete College for nearly a decade. He has a master's degree in math, and his specialties include calculus, algebra, liberal arts, math and trigonometry.
Filmmaker: Christopher Rokosz

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  • Jimmy Chang rocks really makes Logical Math a clear thought process.

  • thats what they are teaching in high schools

  • Now this is what they should be teaching in High School!

  • you need to learn how to write

  • i think he uses 365 becasue the bank puts in the interest money daily. so if your bank is putting the interest money monthly, the 365 would change to 12

  • i meant denominator in my last question

  • does the numerator change to 180 days as well if you are keeping it for 6 months?

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