Compound Interest
Published Jan 01, 1900
Basic Math is the subject I teach at a small community college in western North Carolina. I call one part of the curriculum Practical Applications for Living in the Real World. The day after I presented a lesson on simple and compound interest, one of my older students approached me in the hallway. "You really taught me a great deal about my life yesterday," he said. "I realized I've been struggling with a lack of interest, compounded daily, for thirty years."
Originally published November 14, 2002.
