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4 pages/≈1100 words
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Level:
MLA
Subject:
Mathematics & Economics
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Essay
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English (U.S.)
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Summary on Mathmatic theory of interest Mathematics & Economics Essay (Essay Sample)

Instructions:

Please read the PDF carefully and write a good summary about the content that covered.

 

Mathematical Theory of Interest (Math - 027)

Home Assignment – 1

 

  1. Read the lectures no 2, 3 and 4 carefully
  2. Write a 1000 words summary in your own words
  3. Copy-Paste is not allowed at all
  4. Mention your names clearly both in English and in Chinese at the top.

Submission Date: Friday, July 10, 2020 at 23:59 (Beijing Time)

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Content:

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The Mathematical Theory of Interest
Introduction
Money is a channel through which goods and services can be exchanged, payments made, and values measured. An individual uses the asset for the purchase of products and services. Economically, the amount of money in a society determines inflation and interest rates. Money has several functions when budgeting, future payments, storage of wealth, determination on national income, the basis of credit creation, and promotion of foreign exchange. Most people work to have money in physical cash, liquid cash, or assets.

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