Video 00026 Financial Functions_FUTURE VALUE part 2

What’s the difference between Compound Interest and Simple Interest?

I know that there’s a difference but I often forget the details so I created this video for you and for me!

 

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CORRECTION:  Simple Interest = PV (1 + rt) or PV * (1 + rt)       where * = multilpy (not + as I typed in green).

 

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