Interest and interest calculation
The effect of interest calculation on your money Interest is nothing more than the fee for using money. However, it matters how we calculate this fee. The way interest is calculated has a strong effect on the final result. Markings during interest calculation Before we get into it, let’s look at which abbreviation means what. […]
The compound interest
What is compound interest? Let’s start at the very beginning: what is compound interest. Compound interest is nothing more than when you do not take out the interest earned on the investment, but reinvest it, and then at the end of the period you also reinvest the growth achieved in the amount thus increased. Do […]