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THE POWER OF INTEREST
DAVE RAMSEY'S INVESTMENT CALCULATOR
WHAT ARE SOME ITEMS YOU MAY LOAN TO A FRIEND?
The owner does not get to use the item for a period of time.
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.
“HE WHO HAS THE GOLD---RULES!”
“I do not believe Dave Ramsey’s claim.”
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
COMPOUND INTEREST Paid on the amount of the original investment and all accrued interest. C1 Type Compound C2 Type 100 C3 = C2 * 1.05
ADD $2,000 STARTING WITH A $100 INVESTMENT E1 Title Add $2,000 per year E2 Type 100 E3 = (E2 * 1.05)
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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