The interest rates for home mortgage loans have been at a historic low for some time. The interest on savings accounts and other accounts are fluctuating due to the economy. Whether paying it or earning it, interest surrounds our financial decisions.
What is Interest?
The concept of interest can be hard to understand. If you are a lender, allowing someone to use your money, they pay back the money borrowed, at a certain amount of interest charged on the amount. … Continue Reading