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Loans aren't bad. Our financial system is based on trust, risk, and the ability to repay loans. Very few people can afford to pay … [Read more...] about Interest: Einstein Summary

Now, let's look at this nice pair of tennis shoes. They normally sell for $100. Not too bad! But let's say you go to the store and … [Read more...] about Interest: Shoe Sale

Compound Interest Example: Now, let’s say you’re going to need a little more time to repay the loan. Let’s say you need 30 … [Read more...] about Interest: Compound Interest Example

Simple Interest Example: When you borrow money from the bank, they charge you interest. So, let’s say you borrow $100,000, … [Read more...] about Interest: Simple Interest Example