Interest

Zrinka Lukač ()
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Zrinka Lukač: University of Zagreb, Faculty of Economics & Business

Chapter 23 in Economic Analysis Through Mathematics, 2026, pp 539-541 from Springer

Abstract: Abstract Transactions involving money form the basis of the modern economy. One of the fundamental properties of money is that it has time value: $100 today is not the same as $100 a year ago, or $100 a year from now. The reason for this is that money can be invested and thus earn more money, that is, it can earn interest. In this chapter, we introduce the basic terminology regarding interest as well as different methods to compute interest.

Keywords: Principal; Interest; Rate of interest; Term; Amount; Accumulated value; Maturity value; Discount rate; Interest rate; Discount interest; Simple interest; Compound interest (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-032-08812-3_23

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DOI: 10.1007/978-3-032-08812-3_23

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