Compound-interest.tex

\Section{Compound interest}

\begin{ProblemSet}
 \begin{Problem}[pencil space=2.5in]
  I borrow \$2500 at an APR of 11\%.
  What is the amount of the debt after 3 years if interest is compounded
  \begin{itemize}
  \item yearly?
  \item monthly?
  \item continuously?
  \end{itemize}
 \end{Problem}
 \begin{Problem}[pencil space=3in]
  Mary deposits \$1200 into a savings account that earns interest monthly.
  She would like for the account to grow to \$1300 in ten years.
  What interest rate is required to make that happen?
 \end{Problem}
\end{ProblemSet}

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