Financial Polynomials

Financial Polynomials
Brittany Redding
MAT 221

FINANCIAL POLYNOMIALS

Understanding and using the effects of compounded interest rates when it relates to finances and personal economics is essential to making the investments and choices that can lead to responsible and productive decision making and livelihood or lifestyles. This can be most essential when relating to specific amounts towards goals and objectives and when a predetermined amount of time is set for making definitive or long term purchase options, such as homes, vehicles, education, travel, or retirement that is comfortable and active through immediate resources and chances for perpetual income over an extended period of time.

Financial Polynomials is a formula of algebra that is used to calculate the total amount of growth earnings of a specific amount of money that is invested or saved over a definite amount of time and according to a consistent rate of interest that is determined and added to the original amount annually or semi annually.
Polynomials are formulas that use certain constants and variables with more than one value. The determinations include Present Values or original amounts, as well as the agreed rate of interest or growth rate in decimal form.
The transactions are figured in forms of mathematical terms and functions as squaring, binomial multiplication along with any necessary simplification, as well as division.
Understanding this concept in the vital areas of finance implores that we maximize the terminology that is applicable in this principle. This assignment helps us to relay the terms of FOIL, like terms, descending order and dividend/divisor.

Completing the assignment of Financial Polynomial, Pg. 304 problem 90, requires to evaluate the polynomial resulting from Step 1 using:
* P = \$200 and   r = 10%, and...