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Simple

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Simple & Compounding Interest Principle The amount of a debt or investment. The face value of a stock or bond. Simple Interest Interest that is paid only on the ... – PowerPoint PPT presentation

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Title: Simple


1
Simple Compounding Interest
2
Principle
  • The amount of a debt or investment.
  • The face value of a stock or bond.

3
Simple Interest
  • Interest that is paid only on the original
    principal or on the amount originally borrowed.
  • If you put 100 dollars in savings, and there is
    a rate of 6 simple interest, at the end of one
    year you will have 106.
  • 100 deposit 6 interest 106

4
Compound Interest
  • Interest paid on the principal and the previously
    earned interest.
  • Interest can be compounded several ways
  • annually, every year
  • semiannually, every six months
  • quarterly, every three months
  • monthly
  • daily
  • The more often your money is compounded the more
    interest your money earns.

5
  • When might we use simple interest?
  • When might you use compounding interest?
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