
Do we know how an interest rate makes our money grow under the concept Compound Interest?
We are celebrating April as the Financial Literacy Month; this is a good time to share what Mrs. Karyn Hodgens, a fellow Linkedin member and very committed financial advocate has prepared in terms of explaining us -a magnificent job- how an interest rate can make our money grow.
How about we try to make things a bit easier in order to emphasize -regardless of financial math calculations- how practical is making compound interest calculations by using a financial calculator and Microsoft Excel. The election is yours...
Let's watch Mrs. Hodgens explaining us how this "magical" thing really works... it's NOT difficult.
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Financial Culture / Cultura Financiera ©
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