Most people spend a small fortune on a college education for book smarts - but when you get in the real world, you must also have street smarts!
Interest is money that is easy to understand
Interest is "rent on money"
It means you are interested in money
Interest that is simple to understand
An interest rate that is a % of the principal borrowed and does not compound
Compound interest that is simplified by a calculator
A zero percent interest rate
An interest rate that compounds and complicates your life
An interest rate mothod that pays interest upon interest
A compound rate that is paid back early
A complicated problem in finance
Compound
Simple
Richard Nixon
John F. Kennedy
Albert Einstein
Alan Greenspan
Time value of money
Risk
Time preference for consumption
Greedy corporate lawyers
Simple
Compound
Mixed
No interest rate
Money
Resources
Interest rates
The science of making choices with limited resources
Economizing problem
Dismal science
Personal issues with money
Whining people who want something for nothing
My best guess
Flip a coin
Marginal analysis
Wing it, ready aim fire
Is the marginal benefit greated than the marginal cost?
Is the marginal input of labor greater than the marginal cost?
Is the marginal revenue from producing an extra unit greated than the marginal cost to produce that extra unit?
All the above
$30,000
$50,000
$20,000
$80,000
$30,000
$80,000
$50,000
$20,000
Yes
No
I don't know
The cost of opportunities in life
The cost of the "next best alternative I would do with my time or money"
The high cost of opportunistic living
A dollar now
A dollar in the future
A dollar right between the current date and the specific future date
$1010
$1050
$1100
$1155
Money in the future is worth more
Money expected in the future, discounted at a % interest rate that equates it to present value, or "in today's dollars"
A Christmas present that is valued at high interest
Money in the present with interest added to get a future value
It means to own part of a livestock stockyard
It means you are part owner of a company by purchasing stock of the company
It means you loan money to the company, but are not an "owner"
It's just like a bond - you lend money and expect it to be paid back
It's lending money to a company and expecting it to be paid back in full to you, plus the "coupon rate" (the stated interest rate)
It's a railroad term
It's a type of glue
It's a mix between ownership equity and a debt instrument
Wait!
Here's an interesting quiz for you.