Whether you are paying interest or being paid interest, it's important to fully understand how that interest is calculated. There are two basic types of interest: simple and compound. How each type is ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor ...

Financial literacy is often overlooked when preparing young adults like college graduates for the real world, yet it is one of the most valuable tools you, as a parent, can equip them with. As they ...

Steve Nix is a member of the Society of American Foresters and a former forest resources analyst for the state of Alabama. Defining the characteristics of individual leaves is part of tree morphology, ...

In the real world, simple interest is rarely used. When you deposit money into an interest-bearing account, or take out a line of credit, the interest that accumulates is added to the principal, and ...