Saturday, July 12, 2008

Financial Culture and Compound Interest (3)...




Even though "Professor Cardworthy" (and his outfit) is a bit peculiar character for his role as a credit card advisor, the key issue here, is learning the basics as to how credit cards calculate interests and as a consequence, a second key issue, is the need to learn how long takes to pay a credit card debt by making the proper Excel based calculations.

It's a neat process to understand both concepts, so, let's watch...

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