The world of finance can seem boring to many people, and it's true that the thought of accounting rules, tax laws, valuation formulas, and inventory management systems might put you to sleep. But ...

There are two different ways of calculating interest -- simple and compound. Here's how to calculate each, as well as the key differences and similarities between the two. Simple interest is well, ...

When it comes to calculating interest, there are two basic choices -- simple and compound. Simple interest simply means a set percentage of the principal every year, and is rarely used in practice. On ...

When Benjamin Franklin died in 1790, he left $5,000 each to the cities of Boston and Philadelphia. Each city was to create a fund that would last for 200 years. The needy could borrow from the fund at ...

Interest that's paid is the cost of borrowing money. In accounting, there are two types of paid interest: compound and simple interest. Capitalized interest is a form of compound interest stated in ...