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Imagine you have children or pets that have a difficult time taking medication. They spit it out or cheek it every time you give it to them. Compounding is taking that same medication and turning it into a cream, lollipop, gel or even a pet treat to make it easier for that child, pet or person to take. A pharmacist can also make the medication into a strength that the person needs. For example, maybe the doctor wants the patient to take 30 mg of a tablet but the tablet only comes in 10mg and 20mg. Rather than take two different pills and pay two different co-pays, the pharmacist can compound the medication into a 30 mg tablet or capsule.
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What two factors are important to making the principle of compounding work?
Interest rate and time
Extemporaneous compounding is a type of compounding performed when?
A dosage form not commercially available is made by a pharmacy.
What is ionic compounding made of?
anion and cation
Is iron an electrolyte?
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Is ether a compound formed from compounding a carboxylic and an alcohol?
No - the reaction product of an alcohol and a carboxylic acid is an ESTER not an ether
What is the best definition of compounding interest-?
Interest paid on interest previously received is the best definition of compounding interest.
What is best definition of compounding interest?
Interest paid on interest previously received is the best definition of compounding interest.
What is the terminology of compounding interest?
The terminology of compounding interest means adding interest to the interest that one already has on an account. The interest could be added to a bank account or to a loan.
What is compounding rate?
Compounding rate is the interest rate at which the rate grow faster than the simple interest on deposit or loan made. It is also said "interest on interest".
What does continuous compounding mean?
Continuous compounding is the process of calculating interest and adding it to existing principal and interest at infinitely short time intervals. When interest is added to the principal, compound interest arise.
Why would you use a compounding interest calculator?
You would use a compounding interest calculator in order to determine how quickly a certain amount of money will grow due to compounding interest. It is useful for determining how much to save and invest over several years.
What is the process of earning interest on interest that you've already earned?
compounding
What is the interest on 1200 invested for 2 years in an account that earns 5 percent interest per year?
The answer, assuming compounding once per year and using generic monetary units (MUs), is MU123. In the first year, MU1,200 earning 5% generates MU60 of interest. The MU60 earned the first year is added to the original MU1,200, allowing us to earn interest on MU1,260 in the second year. MU1,260 earning 5% generates MU63. So, MU60 + MU63 is equal to MU123. The answers will be different assuming different compounding periods as follows: Compounding Period Two Years of Interest No compounding MU120.00 Yearly compounding MU123.00 Six-month compounding MU124.58 Quarterly compounding MU125.38 Monthly compounding MU125.93 Daily compounding MU126.20 Continuous compounding MU126.21
Interest on 5000000.00 at 3 percent?
150,000 per year (simple interest, no compounding)
Why you need exponents in our real life?
it deals with bank accounts and interest (compounding interest)
How is the interest on a loan calculated?
The interest on a loan can be calculated in one of two ways - compounding or simple. Most loans in the U.S. are compounding loans, meaning that the interest is added to the principle each month before the new interest amount is calculated.
How is interest on a loan calculated?
The interest on a loan can be calculated in one of two ways - compounding or simple. Most loans in the U.S. are compounding loans, meaning that the interest is added to the principle each month before the new interest amount is calculated.
