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    Last time I made a post about the annual percentage yield or APY. Now, I would like to discuss about how to compute a simple interest since it is a fundamental lesson in banking and finance that every depositor should learn. To give you a short definition, an interest is the fee paid to a...
    The FDIC is used to protect the consumers and bank depositors from any losses they may have to suffer if the bank goes to bankruptcy. Even if you think that your money is safer in the banks than any other places, you need to know that the banks also invest your money in various investments and...
    Last time, I made a post about simple interest and how to compute it. In this article, I’ll be discussing what is compound interest and how to calculate it. Maybe you’re looking what is interest? You can see the definition and some important facts bout it if you go to this article: What is...