| Mo' Money, Mo' Problems | Concepts |
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Jah has $1000, and he invest it for 5 years at an interest rate of 10%.
Jah has $1000, and he invest it for 5 years at an interest rate of 10%.
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more.
What is the value of a dollar tomorrow compared to today?
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The Burger King wants to invest his money. How much will he have, in 5 years at a rate of 7%, with a principal of $7785?
The Burger King wants to invest his money. How much will he have, in 5 years at a rate of 7%, with a principal of $7785?
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Someone who invest early.
Who would have more money, someone who starts investing early, or later on?
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The President of Kyrgyzstan wants to have $5000 in 3 years at a rate of 12%. What would his principal be?
The President of Kyrgyzstan wants to have $5000 in 3 years at a rate of 12%. What would his principal be?
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Interest on top of interest.
What is compounding?
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Sydney has $4350, and he invest it for 5 years at an interest rate of 14%.
Sydney has $4350, and he invest it for 5 years at an interest rate of 14%.
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How much a dollar is worth tomorrow compared to today.
What is the future value of money?
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Boris needs to pay back the mafia. He needs $3480, and his interest rate is 17% for 4 years. What will his principal be?
Boris needs to pay back the mafia. He needs $3480, and his interest rate is 17% for 4 years. What will his principal be?
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The process of obtaining the present value of money.
What is discounting?
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