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You want to buy a new bike, but you've only got half the money you need. You might consider a high-interest savings account. But how long would it take to save? And how much would you pay in bank fees? Alternatively, you could get a personal loan, credit card, interest-free loan, or store credit? This vibrant, fast-paced program takes a mathematical approach to finding the right financing option.
Chapters in this program include:
Chapter 1: Introduction
Chapter 2: Comparing Simple and Compound Interest
Chapter 3: How Compound Interest Works
Chapter 4: Loans with Interest
Chapter 5: Interest-free Options
This excerpt of How Compound Interest Works comes from the Interest, Loans and Credit program. Purchase your full copy at www.VEA.com.au and subscribe to this channel to easily view more educational videos.