The power of compounding helps a sum of money grow faster than if justsimple interestwere calculated on the principal alone. And the greater the number of compounding periods, the greater the compound interest growth will be. For savings and investments, compound interest is your friend, as it ...
&4haveyousettingupyourworksheetandformattingyourcellsSlides5-9haveyoucomputingsimpleandcompoundinterestforasetperiodoftimeandinterestrate,andthengraphingtheresults.Slides5&6gothroughthesimpleinterestcalculation.Slides6&7gothroughthecompoundinterestcalculation.Slide7asksyoutographtheresultsandslide8asksyoutoadd...
The power of compounding helps a sum of money grow faster than if justsimple interestwere calculated on the principal alone. And the greater the number of compounding periods, the greater the compound interest growth will be. For savings and investments, compound interest is your friend, as it ...