Simple Interest vs. Compound Interest

The post Simple Interest vs. Compound Interest by Sarah Edwards appeared first on Benzinga. Visit Benzinga to get more great content like this.

Simple interest calculates earnings or payments based solely on the initial principal, while compound interest grows by calculating interest on both the principal and the accumulated interest over time. Whether you’re taking out a line of credit or making an investment, you’ll want to know as much as possible about interest before you commit. But … Continued

The post Simple Interest vs. Compound Interest by Sarah Edwards appeared first on Benzinga. Visit Benzinga to get more great content like this.