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Computing Interest: Simple vs Compound

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If you have ever wondered how interest is calculated on your installment loans (or savings account), this is a good video to help you understand. It explains the difference between simple interest and compound interest, and illustrates through example.

I chose this video because it is relatively short (3.5 mins) and to the point.

Last edited by DebtCruncher on Sat Apr 26, 2008 7:15 pm

About Video : Financial Accounting SFCC Spring 2008 Crosson Chapter 8 videos

Duration : [ 3 mins 30 secs ]

Video submitted by : DebtCruncher
DebtCruncher's total Posts : 1332
DebtCruncher's Video Collection

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Denny Site Admin

Joined: 19 Oct 2004
Posts: 1718

Debtcc Points: 75465

Posted: Thu Apr 17, 2008 6:51 am

Thanks DebtCruncher, I see a lot of good videos by the same user http://www.youtube.com/profile_videos?user=SusanCrosson&p=r - Denny

ladybug

Joined: 29 May 2007
Posts: 2317

Debtcc Points: 22486

Posted: Mon Jun 09, 2008 8:50 pm

That is a good lesson.



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Computing Interest: Simple vs Compound

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