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 of savings accounts and time deposit accounts.
Subject: loan
Transcript: INVESTMENT. FEW PEOPLE ARE WILLING TO LET OTHER PEOPLE USE THEIR MONEY FOR FREE. MOST LENDERS EXPECT TO PROFIT FROM THE LOAN. WHEN INVESTORS THINK ABOUT THE
Simple Interest
The basics of interest, formulas for and a discussion of how concepts of principal, rate and time interrelate.
Subject: loan
Transcript: . BUT THE MOST OBVIOUS, AND PERHAPS MOST POPULAR, IS RIGHT HERE AT THE BANK. BANKS LOAN TRILLIONS OF DOLLARS EACH YEAR TO INDIVIDUAL AND BUSINESS
Solving a Complicated Principal, Rate, and Interest Problem
Two loans with different interest rates and terms are compared to find the one that fits with the borrower's budget for interest.
Subject: loan
Transcript: SIMPLE INTEREST. JANE'S PARENTS WILL MAKE A LOAN AT 4% INTEREST PER YEAR, AND THEY WANT TO BE PAID THE FIRST OF EACH MONTH. JOHN'S PARENTS WILL CHARGE 7