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Math Essay (Example)

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Simple & Compound Interest Name Course Lecturer Learning institution Introduction Simple and compound interest have often been used in various real world situations. Banks and other money lending institutions have conversely utilized these two aspects when giving out loans as well as other monetary transactions. However there are specific differences and similarities between compound and simple interests and also how they should be handled. This study therefore evaluates the comparison and contrast of compound and simple interests highlighting the specific points that are associated with real world situations. Apart from that the study will also check on the ethical considerations associated with these interest types. Similarities between “simple and compound interest” The main similarity between simple and compound interests include the concept that all of them are calculated using a percentage of the principle amount (Buchanan to understand the way the deductions are made because in some cases banks deduct funds without the knowledge of the clients. Conclusion The discussion above has provided important information about the similarities and differences between simple and compound interests. It is important to point out that banks consider compound interests when lending out loans and also when clients deposit cash into their accounts. Apart from that the ethical concerns have also been articulated especially the issue of banks failing to provide enough information to the customers regarding the interest deductions. Therefore these unethical issues arise due to the ignorance of the clients. Reference Buchanan J. R. (2012). An Undergraduate Introduction to Financial Mathematics Third Edition. World Scientific Publishing Company Geisst C. R. (2013). Beggar Thy Neighbor: A History of Usury and Debt. University of Pennsylvania Press [...]

Order Description:

Students will create a three to five page essay comparing & contrasting simple and compound interest along with the ethical issues of both. Real world applications should be utilize to make valid points when necessary.

Subject Area: Mathematics

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $25

Words 825

Pages 3

Completed in 1 day

Expert Elitewriter92

Client Review

Outstanding work! Great job!!!!!

Positive
09.30.2017

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