Irregular Invest. Example 1


Lets look at an example.
Irregular Investment  Example 1 

Mr. In. Consistent has made a series of Deposits and Withdrawals from his business account and would like to verify his interest total. His account pays interest set by the bank and has changed a few times over the course of the year. The rate is compounded monthly. The following information is what his records show.
What is the total amount of interest this account earned over the course of the year. 
What is the total amount of interest this account earned over the course of the year.
Generate a table reflecting all the entries.
Select the Irregular Investments Form and enter in all the known information from
the example.
Compare your form to the one illustrated below.
Based on the entered values, Mr. In. Consistant's Account would have $31,120.48 in the account the day he closed it. He earned a total of $3,483.35 interest. 