28:39
Compound Interest
What is the difference between simple and compound interest? Also, illustrated how and when compound interest is used as well as introduce the basics
Series: Compound Interest
Subject: compound
Transcript: RETURN THEY'LL GET ON THEIR MONEY, THEY ARE SURE TO THINK ABOUT THE DIFFERENCES BETWEEN SIMPLE AND COMPOUND INTEREST. WITH A FEW EXCEPTIONS, BANKS LIKE
28:39
Simple Interest
The basics of interest, formulas for and a discussion of how concepts of principal, rate and time interrelate.
Subject: compound
Transcript: ANY BORROWER TO ASK IS WHETHER THE LENDER IS CHARGING SIMPLE INTEREST OR COMPOUND INTEREST. THAT ONE FACTOR CAN MAKE A BIG DIFFERENCE IN THE AMOUNT OF