My Five Cents

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My Five Cents: What is Compound Interest?

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What is Compound Interest?

Season 1 | Episode 5 | ABC Me | May 26, 2020

Mathematics

Business and economics

Numeracy

Classification: General

Compound interest will be one of the most important things you ever learn. Don't believe it? Gen Fricker will explain why. Learn how compound interest works and why saving now can help you later.

Compound interest will be one of the most important things you ever learn. Don't believe it? Gen Fricker will explain why. Learn how compound interest works and why saving now can help you later.

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2:06 | Mathematics

My Five Cents

Why Borrowing Can Cost You More | Season 1 | Episode 4 | ABC Me

Planning to get rich quick by investing one day? Before you jump in, let Gen Fricker explain some of the risks involved with different types of investments.

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Think credit cards are basically free money? Gen Fricker will make you think again. Learn how interest rates and fees affect the money you borrow and why they may be more expensive in the long run.

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My Five Cents

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What is the true cost of buying something? Gen Fricker explains that it's more than just money. Learn about opportunity cost what it is, why it's a helpful tool and when to use it.

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