Abstract
Interest affects many aspects of our lives in one way or another. When you take out a mortgage, buy on the installment plan, purchase a bond, decide when to start collecting your Social Security payments, or negotiate with your neighborhood usurer, you are involved with interest. Despite these frequent encounters, misconceptions about it abound, and they can be costly.
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© 2001 Springer Science+Business Media New York
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Davis, M.D. (2001). Interest. In: The Math of Money. Copernicus, New York, NY. https://doi.org/10.1007/978-1-4757-4334-0_3
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DOI: https://doi.org/10.1007/978-1-4757-4334-0_3
Publisher Name: Copernicus, New York, NY
Print ISBN: 978-1-4419-2873-3
Online ISBN: 978-1-4757-4334-0
eBook Packages: Springer Book Archive