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Statistics Math

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The accomplishment that I have achieved during this course is the understanding of Compounded Interest. Once I understood the concept of compounded interest, I had to figure out what Compounded Interest meant. I needed to figure out the formula which was complicated, because the interest is compounded repeatedly, meaning the interest is paid on the total being borrowed and then the new amount is charged interest again. It is repeated for each increment of time, such as annually, monthly, weekly, or daily. In order for me to calculate any type of interest I need to know the principal, interest rate, time duration and whether it is a simple or compound interest rates loan. I realized that the principal is the amount of money that is borrowed and needs to be repaid plus interest. The interest rate is the percentage of the principal. The time duration is the length of time, usually in years or months, until loans needs to be repaid. I finally figured out the formula, which is I=prt, where I= interest, P= principal, r=rate of interest, and t= the time duration of the loan. After my husband and I purchase a car with a down payment of $11,000, at a 5.75% interest for 60 months, the compounded interest really began to kick in somewhat. At the end 5 years, we would have paid a total of $17,235.20, with a car note of $103.92 The concepts that I am still struggling with are negative and positive integers, especially simplifying, and algebraic expressions, I had to first understand the number line and how it works. The integers to the left of zero are called negative integers and the numbers to the right of the zero are called positive integers, and zero is neither positive or negative. The steps and actions that I have taken to overcome my struggles is understand positive, and negative integers; The first action I took was to practice, practice, and practice. Second,

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