For most of us, we aren’t able to put a large sum of money in the bank today. Instead, we save for the future by depositing a smaller amount of money from each paycheck into the bank. In this section, we will explore the math behind specific kinds of accounts that gain interest over time, like retirement accounts. We will also explore how mortgages and car loans, called installment loans, are calculated.
Candela Citations
CC licensed content, Original
- Outcomes and Introduction. Provided by: Lumen Learning. License: CC BY: Attribution
CC licensed content, Shared previously
- Bad Credit? We can help!. Authored by: BookMama. Located at: https://www.flickr.com/photos/myloonyland/430367107. License: CC BY: Attribution. License Terms: 2.0