Develop an Example to Illustrate the Power of Compound Interest

question 17

Essay

Develop an example to illustrate the power of compound interest.Be sure to illustrate your points using numbers and calculations.

---

Definitions:

Res Ipsa Loquitur

A legal doctrine stating that negligence of the defendant can be inferred from the nature of the accident, without direct evidence.

Court

A governmental institution authorized to resolve legal disputes and administer justice.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances.

Comparative Negligence

A legal doctrine that apportions damages based on the degree of fault attributable to each party in a lawsuit.