BTW, my dad once was negotiating for a mortgage with the local bank branch manager. He said the manager gave him a long cock-and-bull story about how mortgages worked. Finally, the manager asked him what brought my dad to town. My dad replied that he'd been hired as head of the finance department at the local college.
My dad said the manager's expression was priceless.
No, I am not confused about things like compound interest, what the sum of all the payments would be, etc. I often tell kids who complain "who needs math" that failing to learn about compound interest is going to cost them plenty.
My dad said the manager's expression was priceless.
No, I am not confused about things like compound interest, what the sum of all the payments would be, etc. I often tell kids who complain "who needs math" that failing to learn about compound interest is going to cost them plenty.