Comment: Shortcuts

(See in situ)

In reply to comment: Math (see in situ)

Cyril's picture

Shortcuts

Well, for the essential there is to know about it, on the example of mortgages :

http://en.wikipedia.org/wiki/Compound_interest#Monthly_mortg...

(Hence, how easily we can end up giving to banks twice as much as the house price vs. if we'd bought it cash in hands.)

And, morally speaking, for a refresher :

http://en.wikipedia.org/wiki/Compound_interest#History

'HTH

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius