Techniques for Business Decisions
6: understand financial concepts such as Compound Interest and Present Value

6.	understand financial concepts such as Compound Interest and Present Value
Read the lecture material provided by the University of Wolverhampton course 'Introductory Data Analysis for Business' [Financial Calculations]
-	Financial Calculations
APEL task [max 300 words] Rework all of the examples given in the lecture with the following new data: VAT at a rate of 15% Compound Interest at a rate of 5% Monthly Compound Interest at a rate of 18.9% Present Value [PV] at a rate of 8% Show all of the workings in your answers (as in the lecture material). The word limit is only approximate in this case (as much of your data will be numerical).

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