
AFOQT Exam Prep 20, Simple and Compound Interest
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - To master the simple interest formula (I=Prt) and the basic compound interest formula (A=P(1+r)^t). - Why you must always convert interest rates to decimals and time periods to years before calculating. - The critical difference: simple interest is based only…
The skinny
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