Money and Banking: Lecture 6 - Interest Rates and Present Value 1

[@trevorndhlovu3381]

Learning economics for my own Financial literacy and am enjoying this man❤

[@xD7oOoM501]

this series of videos, saved my ass

[@screenrecorder1317]

Very very helpful, Thanks

[@xD7oOoM501]

by the way i got 30/30 in my midterm exam all thanks to Dr.Wyrick

[@dosomething3]

38:20 - A basis point is a percent of a percent.

[@dosomething3]

40:56 - "Divide both sides of an 'equation' not of a 'formula'".

[@TheModernApe]

@ 20:15 "And you know what? The longer it stays the bigger it gets. And it gets huge over time. And I mean HUGE. And I will just leave that as an experiment that you can perform at home if you like..."

[@salardz]

Does anyone know what book Dr.Wyrick has recommended or following?

[@moh5178]

35:10 360 days not 365 I guess

[@yerpyaboy]

Holliday's

[@moh5178]

But the commercial year contains 360 Days

[@Bradonomous]

@@moh5178 It's just a crap convention. Assume 30 days per month. 1 Year = 30 days * 12 months = 360 days. Then you give the interest by actual days / 360.

[@guitarwinds]

The new negative interest rate policies are basically turning saving on its head I guess. I guess the goal is to get people out of currencies and into commodities, its destroying the store of value of paper currencies.

[@dosomething3]

100$ at 5% per year, after 500 years runs to 4 trillion $.

[@leonardopurba.s]

I wish I could live that long LOL

[@fire4055]

Whether the lecture is simply interesting or not depends on the skill of the teacher. It's not interesting because the teacher's skill is bad. Salaries are not interrelationship. I'm not saying we should give them a quality education while they get a cheap salary.