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Finra Investor Education Foundation: Introduction to Earning Interest 11 & 12
Young scholars will know and be able to use the formula for calculating compound interest and understand the effect of compounding on savings in this lesson.
The Balance
The Balance: What Is a Demand Deposit?
Demand deposits are the kinds of bank accounts that most people are familiar with. This article explains what they are and how they differ from other types of accounts such as money market accounts or certificates of deposit.