Computing Interest: Simple vs Compound

Date: Thu, 04/17/2008 - 06:27

Submitted by DebtCruncher
on Thu, 04/17/2008 - 06:27

Posts: 2293 Credits: [Donate]

Total Replies: 2

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.

Thanks DebtCruncher, I see a lot of good videos by the same user

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

- Vikas

lrhall41

Submitted by Vikas on Thu, 04/17/2008 - 06:51

( Posts: 2019 | Credits: )

That is a good lesson.

lrhall41

Submitted by ladybug on Mon, 06/09/2008 - 20:50

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