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Published byAiden Gilson Modified about 1 year ago

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THE POWER OF INTEREST

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DAVE RAMSEY'S INVESTMENT CALCULATOR

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WHAT ARE SOME ITEMS YOU MAY LOAN TO A FRIEND?

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

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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.

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“HE WHO HAS THE GOLD---RULES!”

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

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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

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

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

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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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