yodenpopen (November 30, 1999 at 12:00 am)

just as an additional note here, if you do borrow with a compounded interest rate, you can 'force' that interest to be simple interest by paying off the interest at each interval of time...for example if you borrow 100 dollars and it is compounded monthly at 10% you can simply pay off that 10% (10 dollars in this case) each month so that the next month you are only being charged 10 dollars again on the second month... and so on with each month until you finally can pay off the whole principle.

SeekMeIn (November 30, 1999 at 12:00 am)

Thanks

EngrishTeacherRyan (November 30, 1999 at 12:00 am)

keep up the good work Sal!

lyndonsilva (November 30, 1999 at 12:00 am)

Nice work. keep it up. mean time come for social media marketing for esteembpo**com

miamimanni (November 30, 1999 at 12:00 am)

Isn't 1+(.5)(.5)=1.25

Valefarous (November 30, 1999 at 12:00 am)

Good video series in general! I'm enjoying reviewing this as I head into calculus.

Juchrisad (November 30, 1999 at 12:00 am)

Very pleased with your visual and simple approach to the this topic particularly for non-financial background people like me- For people with little o no algebra background the factoring out of (1+r) for t>0 or Time greater than day of the actual loan it might be slightly more complex to grasp - Nevertheless well done!