I was doing a quick interview for a Tonight with Trevor last week (sometimes I present, sometimes I’m the in-house expert) presented by the very cool Johnny Maitland. Part of the issue was about SAMs ...
This is an excerpt from Dollar Scholar, the Money newsletter where managing editor Julia Glum teaches you the modern money ...
Compound interest refers to the returns that you earn on interest. The impact of it grows significantly over long time ...
Learn what the stated annual interest rate is and how to calculate it without compounding, plus how it compares to the effective annual rate.