Introduction to Time Value of Money and Simple Interest

Lesson 1 of 11 • 34 upvotes • 13:52mins

Rakesh Sud

This lesson gives us an introduction and then looks at Simple Interest.Simple interest is applied to the initial amount, called the principal, for a given time period for interest. If the period of the loan is greater than the time period for interest, the simple interest will be repeated, at the same amount, and accumulate during successive time periods for interest until the end of the time period of loan.