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Study Guides > Mathematics for the Liberal Arts

Introduction to Simple and Compound Interest

We have to work with money every day. While balancing your checkbook or calculating your monthly expenditures on espresso requires only arithmetic, when we start saving, planning for retirement, or need a loan, we need more mathematics.

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  • Introduction and Learning Objectives. Provided by: Lumen Learning License: CC BY: Attribution.

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  • interest. Authored by: NY. Located at: https://www.picserver.org/i/interest.html. License: CC BY: Attribution.