The following Khan Academy link is a useful recourse. Post similar resources you
ID: 3119066 • Letter: T
Question
The following Khan Academy link is a useful recourse. Post similar resources you can find that help us understand concept of Chapter 8.
https://www.khanacademy.org/economics-finance-domain/core-finance/interest
HIGHLIGHT CLICK AND PASTE THE LINK TO SEE THE USEFUL RESOURCE. THEN POST YOUR ANSWER FOR ANY SIMILAR RESOURSES YOU CAN THINK OF....
This is what the link talks about:
content
Finance and capital markets
Interest and debt
Contents
Compound interest basics
Interest basics
Credit cards and loans
Continuous compound interest and e
Present value
Personal bankruptcy
Compound interest basics
Interest is the basis of modern capital markets. Depending on whether you are lending or borrowing, it can be viewed as a return on an asset (lending) or the cost of capital (borrowing). This gives an introduction to this fundamental concept, including what it means to compound. It also gives a rule of thumb that might make it easy to do some rough interest calculations in your head.
Compound interest introduction
The rule of 72 for compound interest
Interest basics
This is a good introduction to the basic concept of interest. We will warn you that it is an older video so Sal's sound and handwriting weren't quite up to snuff then.
Introduction to interest
Interest (part 2)
Credit cards and loans
Most of us have borrowed to buy something. Credit cards, in particular, can be quite convenient (but dangerous if not used in moderation). This explains credit card interest, how credit card companies make money and a far more silly way of borrowing money called "payday" loans.
Annual percentage rate (APR) and effective APR
Institutional roles in issuing and processing credit cards
Payday loans
Continuous compound interest and e
This is an older (notice the low-res, bad handwriting) about one of the coolest numbers in reality and how it falls out of our innate desire to compound interest continuously.
e and compound interest
e as a limit
Formula for continuously compounding interest
Present value
If you gladly pay for a hamburger on Tuesday for a hamburger today, is it equivalent to paying for it today? A reasonable argument can be made that most everything in finance really boils down to "present value". So pay attention to this.
Time value of money
Introduction to present value
Present value 2
Present value 3
Present value 4 (and discounted cash flow)
Personal bankruptcy
Back in the day (like medieval Europe), you would actually be thrown in jail if you couldn't pay your debts (debtor's prison). That seemed like a pretty awful thing to do (not to mention that lenders are much less likely to be paid by someone rotting in prison), so governments created an "out" called bankruptcy (which, as you'll see, is a pseudo-painful "reset" button on your finances).
THE QUESTION IS, CAN YOU GIVE ME ANOTHER SIMILAR LINK TO THE ONE FROM THE BEGINNING, IT IS A DISCUSSION BOARD QUESTION NOT AN ACTUAL MATH PROBLEM QUESTION BUT THIS IS THE SUBJECT IT IS PERTAINING TOO...
Explanation / Answer
Answer : http://www.econlib.org/library/Topics/HighSchool/KeyConcepts.html
The link talks about 51 key concept in Ecomonics
The 51 Key Concepts
Fundamental Economics | Macroeconomics | Microeconomics | International Economics | Personal Finance Economics
Fundamental Economics
Macroeconomics
Microeconomics
International Economics
Personal Finance Economics
Key Concept Related National Standards 1. Decision Making and Cost-Benefit Analysis Standard 2, Standard 14, Standard 15, Standard 17 2. Division of Labor and Specialization Standard 6 3. Economic Institutions Standard 10 4. Economic Systems Standard 3, Standard 15 5. Incentives Standard 4, Standard 15, 6. Money Standard 11 7. Opportunity Cost Standard 1, Standard 15 8. Productive Resources Standard 1, Standard 6, Standard 13, Standard 15 9. Productivity Standard 15 10. Property Rights Standard 10, Standard 16 11. Scarcity Standard 1 12. Technology Standard 15 13. Trade, Exchange and Interdependence Standard 5, Standard 11