Where's the nearest pharmacy?

Run to the pharmacy?

You're actually compounding continuously.

Is there a pharmacy nearby?

It's one tragedy compounding another.

What's the name of your pharmacy?

We'll give your pharmacy a call.

Take this prescription to your pharmacy.

Do they have transportation to the pharmacy?

There are other videos on compounding continuously.

You're compounding every zillionth of a second.

I go to the pharmacy and buy medicine.

Until what time does your pharmacy stay open?

You type pharmacy Chicago, or the zip code.

They bring the medicines up from the pharmacy.

No, anywhere, except the stairs at the pharmacy.

So this is how many periods I'm compounding.

This is actually the power of compounding interest.

So now, in this situation. we are compounding the interest.

But I'm just going to keep it a simple example, compounding annually.

When we started compounding, at first you owed me 2, just when

Even though it looks suspicious to you, it is called compounding interest.

Would you know where there is a pharmacy that is open till late?

Anyone could go to the grocery store or the pharmacy and buy it.

So hourly compounding I should've been doing this in green since it's money.

So people with their voucher could get the bed net in the local pharmacy.

And just keep in mind, all I'm doing is I'm compounding the interest, right?

People taking pharmacy with the intent of becoming chemists should choose the six year course.

The lady said I can stand anywhere. Only Benny has his own spot at the pharmacy.

What I want to do in this video is talk a little bit about compounding interest.

So let's say this is a different reality here, where we have 7 compounding annual interest.

And then the amount that you owe me after one compounding period is 1 times the principal, plus my annual interest rate so in this case it's r divided by the number of times I'm compounding.

I'm a cancer doctor, and I walked out of my office and walked by the pharmacy in the hospital three or four years ago, and this was the cover of Fortune magazine sitting in the window of the pharmacy.

This is annual interest, and they're usually compounding on a monthly basis, so 6 divided by 12.

Compounding that, the material of choice, laminate, that I was trying to highlight, only bends in two dimensions.

We said it's essentially 100 interest, but we're dividing it by 12 per month, but we're compounding it 12 times.

Hourly compounding, I will charge you 100 divided by the number of hours in a year, which equals 0.0114 per hour.

And they would take these prescriptions to the local supermarket, which would fill them and then charge the pharmacy budget of the clinic.

We train pharmaceutical technicians for the pharmacy industry, we train medical technicians for the medical industry, and we train chemical technicians for companies

So I think you get the sense here that, although the idea is reasonably simple, to actually calculate compounding interest is actually pretty difficult.

So now, at the end of the year after compounding roughly 8,700 hours, you'll owe me 2.71 and then some fractions of a penny.

And the fact that you can actually calculate an interest rate compounding every zillionth of a second to me is a fairly amazing result.

So, he took some to Jacob's Pharmacy where he mixed the syrup with carbonated water and placed it on sale for 5 cents a glass.

Six and a half thousand Africans dying every single day from AlDS a preventable, treatable disease for lack of drugs we can get in any pharmacy.

You write the prescription, the patient takes it home, gets it filled at the pharmacy and takes it according to the sc hedule that has been advised.