Tag: interest

Understanding Interest: Things to Know

Without a calculator or Google, can you answer the following questions? If I borrow $2500 for the year at 9.25% APR, what is the total amount that will need to be repaid? Better yet, how much money will I get each year if I invest $2500 into a CD at 2.08% APY? The interest rates…

Refinance Your Credit

Have you had your mortgage or auto loan for a while now? Have you looked at interest rates lately? If you are like most people, shopping interest rates each year may not exactly be a priority. Perhaps it should be. Maybe you could refinance your credit at the same time. There are plenty of reasons…