Financial Algebra – 3.3 – Savings Accounts

Published in Financial Algebra, Vlogs

In this chapter we talk about the different aspects of a savings account. We define minimum balance, interest, money market accounts, principal, certificate of deposit, maturity and discuss how to use the simple interest formula. This section gets you ready to discuss the only secret that rich people have and that is the power of compound interest. By understanding simple interest, we open the door to understanding compound interest. Be sure to subscribe to our podcast Business Bros and you can do that on our website www.SiasFirst.com #SiasFirst #FinancialAlgebra #BusinessBros #Savings #MoneyMarket #Banks

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