3 Quick Points to Simplify Interest Rates

Photo by Alexander Popov on Unsplash

An interest rate is an amount a lender charges a borrower and is a percentage of the principal, which is the amount loaned. The interest rate on a loan is typically noted annually, known as the annual percentage rate (APR). Interest rates can also apply to the amount earned from a savings account or certificate of deposit (CD), known…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store