Slide 1: Training 4: Savings & Investment
Allianz@) Training 4: Savings & Investment . \ Simple and compound interest '
Slide 2: When do you get interest?
When do you get interest? B l'� �A _ ' l�� _ -- ] If you're good at math If you borrow money If you invest money If you need money from your bank Training 6: Saving & Investment 2
Slide 3: How banks and savings banks make money
How banks and savings banks make money - - - - - - - - >- - - - - - - - - Ba n ks collect mo n ey from The ba n k le n ds the mo n ey compa n ies or private collected to other compa n ies i n dividuals who just have a n d i n dividuals that n eed saved or left mo n ey i n the ba n k fu n di n g / :
Slide 4: How do you calculate interest?
How do you calculate interest? Capital (K) x Time (t) x Interest rate (p) Interest (Z) = 100 With a loan you pay you get back more money than you borrowed from you. Training 6: Saving & Investment 4
Slide 5: What is compound interest?
What is compound interest? When you are You withdraw the interest from your account every year saving money on your bank account, you have two choices You leave the interest in the account. Interest is then paid ( 02 on this interest again in the following year. So there is interest on the interest
Slide 6: Compound interest - It pays off in the long run!
Compound interest - It pays off in the long run! 18.000 16,932 euros ♦ 16.000 Through compound 14.000 interest 5,682 euros more! 12.000 11,250 euros 10.000 8.000 When you invest money, let 6.000 the interest and compound interest work for you! 4.000 2.000 0 The invested capital 1 year 5 years 10 yea
Slide 7: When do you pay interest?
When do you pay interest? Ifyou exchange your money to Ifyou open an account oth er currencies l�_-___ 0 fyou ith ra money i_fy _ o_u _ _ ta_ _ ke _ o__ ut _ _l_oa_n _ a _ ________,] 1 [�___ _ _ _ w _ _ _ - d _ _ _ w_ _ _ _ _ _ ________. Training 6: Saving & Investment 7
Slide 8: There are different types of credit
There are different types of credit Installment loan Overdraft Mortgage Loan All loans work the same way. However, they have different interest rates. Training 6: Saving & Investment 8
Slide 9: What is the cost of a 1,000 euro loan?
What cost is the cost of a 1,000 euro loan =C? Overdraft facility? Installment credit? Save rather than take out a loan. It is faster to save up a sum, than to pay back that same amount as a loan. Training 6: Saving & Investment 9
Slide 10: Allianz Finance Workout Tips
Alliance Finance Workout Tips Save rather than take out You invest money, interest a loon. It is faster to save a and compound interest sum than to repay the work for you. same amount as a loan. Do not take out a loon With a loan, you pay back unless it is a sensible more money than you investment i
Slide 11: Thank you for your attention!
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