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THE POWER OF INTEREST DAVE RAMSEY'S INVESTMENT CALCULATOR.

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Presentation on theme: "THE POWER OF INTEREST DAVE RAMSEY'S INVESTMENT CALCULATOR."— Presentation transcript:

1

2 THE POWER OF INTEREST

3 DAVE RAMSEY'S INVESTMENT CALCULATOR

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5 WHAT ARE SOME ITEMS YOU MAY LOAN TO A FRIEND?

6 The owner does not get to use the item for a period of time.

7  A saver is paid when they allow a borrower to use their money for a period of time.  Interest is paid by a borrower and received by a lender or a saver.

8 “HE WHO HAS THE GOLD---RULES!”

9 “I do not believe Dave Ramsey’s claim.”

10 SIMPLE INTEREST  Paid on the amount of the original investment and does not change over time.  A1 Type the word Simple  A2 Type in 100  A3 = A2 + 5  Drag

11 COMPOUND INTEREST  Paid on the amount of the original investment and all accrued interest.  C1 Type Compound  C2 Type 100  C3 = C2 * 1.05

12 ADD $2,000 STARTING WITH A $100 INVESTMENT  E1 Title Add $2,000 per year  E2 Type 100  E3 = (E2 * 1.05)

13 RULE OF 72 HOW MANY YEARS TO DOUBLE YOUR MONEY?  Divide 72 by the Interest Rate  Interest rate is 4 72/4 = 18 years.  Interest rate is 18 72/18 = 4 years


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