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Compound interest basics

Interest is the basis of modern capital markets. Depending on whether you are lending or borrowing, it can be viewed as a return on an asset (lending) or the cost of capital (borrowing).This tutorial gives an introduction to this fundamental concept, including what it means to compound. It also gives a rule of thumb that might make it easy to do some rough interest calculations in your head.

Topics: Finance, Economics
Cost: Free

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Description

Interest is the basis of modern capital markets. Depending on whether you are lending or borrowing, it can be viewed as a return on an asset (lending) or the cost of capital (borrowing).This tutorial gives an introduction to this fundamental concept, including what it means to compound. It also gives a rule of thumb that might make it easy to do some rough interest calculations in your head.

Details

  • Days of the Week: Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday
  • Level of Difficulty: Beginner
  • Size: One-on-One
  • Instructor: Sal Khan
  • Cost: Free
  • Institution: Khan Academy
  • Topics: Finance, Economics

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About Khan Academy: Khan Academy is an organization on a mission. Khan Academy is a not-for-profit with the goal of changing education for the better by providing a free world-class education for anyone anywhere.

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