Month: June 2022

The disadvantages of compound interest Now, what are the disadvantages of compound interest? Believe it or not, there are downsides to what appears to be a positive force at work on your investments. It can work against you Compound interest can also work against you. For example, credit cards often implement daily compound interest. This […]

When taking out a loan, there are many aspects to consider. Inevitably, you will have interest on the amount borrowed, which can be simple interest or compound interest. Compound interest is compounded daily, monthly or annually. When compounding occurs, interest is added to the amount owed. It may provide lower interest rates, but it is […]