Video: The Compound Interest Formula – A Rainbow Bridge

In my ongoing, epic, lonely, quest to convince an indifferent world that the compound interest formula will  clothe the downtrodden, feed the grey whales, prevent the coughing sickness and otherwise save the planet, I offer this video explanation for what the compound interest formula does.

 
 

I’m teaching personal finance to college kids this semester, so I plan to offer these video snippets on a  semi-regular basis.  I’m still new to video, so (gentle) criticism, (thoughtful) suggestions, and (full-throated) praise are all welcome!

Please see related posts:

The Most Powerful Math in the Universe Goes Untaught

 

Compound Interest and Wealth

Compound Interest and Consumer Debt

 

interest_rate_rainbow_bridg
Mathematical metaphor for interest rates

 

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Excel Basics Video #1: Introduction for Small Business Owners

Lately I’ve been working with Accion Texas, a regional micro lender organization, to produce educational videos for entrepreneurs.  Below is an introduction to the first series of six videos, which covers the first steps in using Excel, such as how to open up a workbook, how to begin to format a worksheet, and how to program simple math in your spreadsheet.

The next series of videos – still to be produced – will be on how a small business owner can use Excel to tracks costs and revenues, and how to model future growth.

I’ll be posting the basic introductory series of six videos here in the next few days and weeks.

Eventually I hope to work my way up to showing how Excel helps us calculate key personal finance topics, such as modeling a home loan or car loan, calculating compound interest, and discounted cash flows.

One of the advantages of this very basic series is that – for anyone who has never used Excel but wants to learn those advanced skills – here’s a way to jump on the surfboard while the waves still move very slowly.

Please see related Posts:

Excel Basics Video #1 – Introduction to Excel for Small Business

Excel Basics Video #2 – Opening up a Workbook

Excel Basics Video #3 – Arithmetic & Formatting

Excel Basics Video #4 – Sums and Averages

Excel Basics Video #5 – Formatting Cells

Excel Basics Video #6 – Autofill

 

 

Excel_Icon

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