Learn the basics of Simple and Compound Interest with easy formulas, examples, and clear differences to help you score better in exams and understand financial growth.
Annual percentage yield (APY) is the effective annual rate of return on an investment. Learn how it accounts for compounding interest and how it differs from APR.
On this week’s Money Matters Monday, we tackle a financial topic that often gets overlooked: Certificates of Deposit, or CDs. A viewer, Jan, sent in a question asking: “If I do a six-month CD at 4.3% ...
This is an excerpt from Dollar Scholar, the Money newsletter where managing editor Julia Glum teaches you the modern money lessons you NEED to know. Don’t miss the ...
The APY and the interest rate are two key figures to know when storing money in a savings account or other interest-earning bank account. Both are expressed as percentages, but an account' ...
One of the personal finance podcasts I began listening to at the start of my financial transformation is one you might know. It was the Money Guy Show, with hosts Brian Preston and Bo Hanson. They ...