Principals and Agents
The relationships of principals and agents are sometimes complex, and there are many factors which influence the liability of each. This lesson explains that the principal is responsible for many of the acts of the agent and discusses what a princip...
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.
Simple Interest
The basics of interest, formulas for and a discussion of how concepts of principal, rate and time interrelate.
Annuities, Sinking Funds, and Amortization
Analyze different types of periodic payments that expand a business's or individual's purchasing and investment power.
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.