Friday, December 13, 2013

3.3 Savings Accounts & Simple Interest

This section examines savings accounts and simple interest. Though you will rarely see simple interest anywhere other than the 1st payment on a mortgage, it is the foundation of all other types of interest.

Remember the factors of how much interest you get (or pay)...

Principle

Rate (APR)

Time (years)

No comments:

Post a Comment