Benjamin Garden on Simple vs. Compound Interest in Finance – The Central Equilibrium – Episode 5

I am so pleased to publish this new episode of “The Central Equilibrium“, featuring Benjamin Garden.  He talked about simple and compound interest in the context of finance and investment, highlighting the power of compound interest to grow your money and to enlarge debt from credit cards.  We compared the formulas for calculating the accrued amounts under simple and compound interest, and we derived the formula for the Rule of 72, a short-cut to estimate the length of time needed to double your investment under compound interest.

Check out Ben’s blog, Twitter account (@GardenBenjamin), and Instagram account (@ben.garden) to get more advice about managing your money!

Part 1:

 

Part 2:

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A tip about the word “college” to my American neighbo[u]rs who wish to work in Canada

Canadian English and American English are very similar, allowing Anglophones in both countries to work and live with ease when crossing the border.  However, there is a subtle difference in our vocabularies that can have big consequences for job searches and professional development.  To my American neighbours (or neighbors, as it is spelled in the United States of America), I offer this tip to avoid any confusion.  It concerns our different usages of the words “college” and “university”.

Peace_Arch_Monument,_Canada_-_USA_border

The Peace Arch is a monument situated between Blaine, Washington and Surrey, British Columbia. Near this monument is a major border crossing between the USA and Canada.

Image courtesy of RGB2 from Wikimedia.

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