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Shawn from the book decides to pay off his mortgage. So, he saves and saves his money until he has enough to pay off his mortgage. … [Read more...] about $2 = $1,000

Loans aren't bad. Our financial system is based on trust, risk, and the ability to repay loans. Very few people can afford to pay … [Read more...] about Interest: Einstein Summary

Now, let's look at this nice pair of tennis shoes. They normally sell for $100. Not too bad! But let's say you go to the store and … [Read more...] about Interest: Shoe Sale

Compound Interest Example: Now, let’s say you’re going to need a little more time to repay the loan. Let’s say you need 30 … [Read more...] about Interest: Compound Interest Example