Advertisement

Abstract

The difference between simple interest and compound interest—the subject of this chapter—is that compound interest generates interest on interest, whereas simple interest does not.

Keywords

Interest Rate Cash Flow Time Diagram Nominal Interest Rate Saving Account 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer Science+Business Media, LLC 2007

Personalised recommendations