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Tues. 12/06/26 12:20 EDT . post #184 [quote user="Autolykos"] I understand that compound interest means interest is charged not only on the principal (the original loan amount), but also on the interest already paid on the loan.[/quote]I think this is wrong. You don't pay interest on interest...
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I have been looking around on this site for an answer to such a question, but I cannot a definite one. By time deposit I mean this: The depositor puts $100 in the bank, but cannot touch it for say 5 years. During that period, the bank loans out the $100. After 5 years, assuming the bank did not make...
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I foolishly bought a duplex at the height of the bubble about 5 years ago. it obviously has fallen in market value since my purchase. it is valued well below what i owe on it. fortunately, I have had little trouble renting out the upper unit while I occupied the lower. that have covered more than half...
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Had a question for anyone who could give a half-way descent answer to it - If the idea of sound money is growing, then why aren't there (to my knowledge) any "sound" banks or credit unions? What I mean by this is, at a minimum, is banks who hold the value of money equal to deposits? Or...
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I think this will answer your question if it hasn't been answered already. Hopefully someone will get some use out of the information at least. I deposit money into a checking account at a bank (money in the Austrian sense). This is a demand deposit, which means that the funds must be immediately...