Simple interest is based on the principal amount of a loan, while compound interest is based on the principal plus ...

How interest rate hikes and extra payments affect your bond and what to do if you're struggling with repayments.

The original amount of money borrowed or loaned is called the ‘principal’. The ‘interest rate’ is the % of the principal that is added on over the course of one year as interest.

Everybody knows what an interest rate is—it’s effectively a percentage of an amount over a year. If your savings account ...

Rising interest rates are changing the math for pension holders. If interest rates continue to increase, lump sums may not be worth as much as they are today. Now is a great time to evaluate your ...

For instance, is it possible to make an average 25% rate of return and still not make any money? The answer is “YES!” Hang with me for a math lesson in rates of return. Understanding the ...

When it comes to getting out of debt, Dave Ramsey is very clear on the right approach. The finance expert believes in a method called the Debt Snowball method. This method may not be the most ...