Interest can be charged when you borrow money or earned when you save. When you charge something on a credit card or take out ...
When you borrow money, you’ll also pay interest on top of the amount you borrowed.. Interest is the money the lender gets for loaning you the money. Read Next: 5 Subtly Genius Moves All Wealthy People ...
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” This is a famous quote commonly attributed to Albert Einstein, but fortunately, you ...