The Federal Reserve Bank of Chicago created this publication to help users understand the fundamentals of interest. According to the summary at the end of the tutorial, “Although not an exhaustive list, the methods of calculating interest described here are some of the more common methods in use.” The methods include simple interest, add-on interest, bank discount, and compound interest. Each type of interest is described, and several examples help illustrate how each kind of interest operates. [Scout Report Annotation]
Content: Online Resource
Source: Federal Reserve Bank of Chicago
Subject: Finance
Industry: Finance / Banking
Source: Federal Reserve Bank of Chicago
Subject: Finance
Industry: Finance / Banking
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