Wednesday, 07 January 2009 | 2 Comments
This video from The Common Craft Show is an excellent “introduction to the magic of compound interest and how it helps money grow over time”. Keep an eye out for more videos in their financial basics series.
This video does use terminology different to what we use in Australia (the video uses APY, Annual Percentage Yield, whereas we would call it the annual interest rate or interest rate per year). Despite that, I will definitely be using this as a supplement to my normal introduction to compound interest with Year 10.
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