+1 = − where +1 is total amount at the beginning of the (+ 1) th period, is total amount at the beginning of the th period, is periodic payment, and = 1 + where is interest rate per compounding period

gm-u4-t1-s2-d2

Request an applet

Describe what students should see or notice. That's the cue to build — requests are what get built next.