professorserna.com

Compound Interest

I have removed all annotations from my videos that were used to correct errors (YouTube is getting rid of Annotattions) Any errors in the videos have been corrected in the NOTES. If you have already subscribed, you can use your User Name and your Password to download the NOTES in a MS WORD FILE. or a PDF FILE. (If you have trouble downloading the file on your phone, use the Opera Browser) If you haven't subscribed, subscribe now

CORRECTION: ON MINUTE 5:57 R WAS SUPPOSSED TO BE .04

In this video I explain the concepts of simple interest and compound interest. Interest is usually compounded monthly, quarterly, semiannual, annual or continuously. Interest problems could be about loans or investments. If you are investing a sum of money at 4% compounded monthly, at the end of the first month, the interest you earned is calculated and added to your capital so that, in the second month you have a higher capital.