Euler’s Number and Calculation of Compound Interest

Stojkovic, Natasa and Grezova, Kristina and Zlatanovska, Biljana and Kocaleva, Mirjana and Stojanova, Aleksandra and Golubovski, Roman (2018) Euler’s Number and Calculation of Compound Interest. In: International Conference on Information Technology and Development of Education – ITRO 2018, 29 June 2018, Zrenjanin, Republic of Serbia.

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In this paper we shall explain the connection between Euler’s number and the calculation of compound interest with emphasize on the power of compound interest. The beauty of compound interest is that allows you to earn interest on your interest so that while you have to sweat to earn money you initially invest, from than your money works on your behalf i.e. the money earned, earns money. Therefore, the financiers around the world, describe compound interest like the most powerful force in the universe. From above mentioned statements and affirmations understanding and detailed study of compound interest represent a very important field in financial mathematics which must be known not only by financiers, bankers and economists but is equally important to be known by each individual or person. Because earning money is not just and art, but also agility, know-how, branch of knowledge and science in main percentage.

Item Type: Conference or Workshop Item (Paper)
Subjects: Natural sciences > Computer and information sciences
Natural sciences > Matematics
Divisions: Faculty of Computer Science
Depositing User: Mirjana Kocaleva
Date Deposited: 03 Sep 2018 12:54
Last Modified: 03 Sep 2018 12:54

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