ABCs of Figuring Interest
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 … [ Read more ]
Content: Online Resource | Source: Federal Reserve Bank of Chicago | Subject: Finance | Industry: Finance / Banking