Navigating Simple Interest vs. Compounding Interest – Business
When you have personal finance questions as a salon professional, who do you turn to for advice? One of your options is Anna Manukyan, Ulta Beauty’s Senior Director of Education and Creative, who is also a certified financial educator. Every #FinanceFriday, Manukyan releases a bite-sized video discussing a common money topic.
In her most recent video, Manukyan discusses the differences between simple interest and compounding interest–and how one may affect your debt more severely than the other if you’re not careful. See the video below:
For reprint and licensing requests for this article, Click here.
Originally posted on Modern Salon