[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/lit/ - Literature

Search:

View post   
>> No.19285189 [View]
File: 64 KB, 640x640, ab67706c0000bebbc57180bd4aea7a88c805cf77.jpg [View same] [iqdb] [saucenao] [google]
19285189

Asking here too
Can someone justify compound interest to me?
I get that people should be paid for the amount of time that they can't use their money (simple interest) but interest upon interest seems contrived to favor the lender--how does one justify it?
Also: How and when do people decide to charge compound interest instead of simple interest?
Thanks a million!

>> No.19285091 [View]
File: 64 KB, 640x640, ab67706c0000bebbc57180bd4aea7a88c805cf77.jpg [View same] [iqdb] [saucenao] [google]
19285091

Can someone justify compound interest to me?
I get that people should be paid for the amount of time that they can't use their money (simple interest) but interest upon interest seems contrived to favor the lender--how does one justify it?
Also: How and when do people decide to charge compound interest instead of simple interest?
Thanks a million!

Navigation
View posts[+24][+48][+96]