00:01
Not sure there's a lot.
00:02
I can actually show you mathematically here.
00:04
A couple of things we need to understand is that when a bank is paying you interest on an amount, so let's just say whatever that amount is.
00:13
So we have an amount, principle, and they're doing some compounding.
00:17
One plus r over and to the nt.
00:24
They're going to take this money, this principle that you put in, whatever that might be.
00:29
Whatever you gave them, they're going to take this money, this principle that you put in, whatever that might be.
00:30
Whatever you gave them, they're going to take this money...