On Teaching Compound Interest and Discounted Cash Flows "The most powerful force in the universe is compound interest" - Albert Einstein[1] "Tomorrow and tomorrow and tomorrow, Creeps in this petty pace from day to day To the last syllable of recorded time" This Spring I began teaching Personal Finance to a group of bright college students, and we recently wrapped up a section on compound interest and discounted cash flows. What I'm trying to get across to these undergraduates is that all of the...
FORMER GOLDMAN BANKER: The Two Most Powerful Concepts In Math That Go Untaught
Business Insider - 13 Feb 2013 23:48
On Teaching Compound Interest and Discounted Cash Flows "The most powerful force in the universe is compound interest" - Albert Einstein[1] "Tomorrow and tomorrow and tomorrow, Creeps in this petty pace from day to day To the last syllable of recorded time" This Spring I began teaching Personal Finance to a group of bright college students, and we recently wrapped up a section on compound interest and discounted cash flows. What I'm trying to get across to these undergraduates is that all of the...
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