When talking about interest and how it affects the money we borrow or lend, it’s not always just a matter of deciding between simple and compound interest. Time is a factor that is just as important; not just how much time has passed but the units of time we use to measure. This is where the compounding period comes in. In this episode, we discuss compound interest and the ways in which time affects it.
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Chapters:
0:00 – Introduction
1:22 – How time impacts interest
5:46 – Compounding period
7:38 – Compound interest formula
9:57 – Annual percentage yield
11:58 – Conclusion
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