Calculating interest expense on a payable bond should be relatively straightforward, but then the accountants got involved. Generally accepted accounting principles, or GAAP, turn what is ordinarily a ...

If you have a savings account, you might want to know how much you'll earn in interest for parking your cash there. Fortunately, calculating interest on a savings account is not as tough as you ...

Learn what compound interest is, how it’s calculated—from annual rates to continuous compounding—and why it’s powerful for savings (and dangerous for debt).

Companies in need of cash commonly turn to long-term debt, such as issuing bonds and obtaining bank loans. The interest that accrues on long-term debt is treated as a business expense for both book ...

When you take out a loan, or carry a balance on a credit card, the interest accrues constantly. However, if you make regular payments, this interest isn't compounded. For this reason, calculating the ...

When you borrow money from a financial institution, the personal loan balance isn’t just the total amount you secured but it will also include what you have to pay in interest. Depending on the type ...

If you’re considering opening a Certificate of Deposit (CD) or already have one, you might be wondering how to calculate CD interest and estimate how much you’ll earn over time. CDs are a low-risk ...

Companies often extend credit to other businesses in the form of a note, or a short-term loan. Most notes pay a stated rate of interest, resulting in interest revenue that the lender must record at ...

All of you have learned the formula to calculate the compound interest in your school. Compound and simple interests are among the mathematical applications used in real life for years. At certain ...

Here's the first thing you should know about credit card interest: It's completely avoidable. If you pay your credit card balance in full every month, you'll probably never owe any interest. The ...

Calculating Late Payment Interest on an Invoice. When you allow customers time to pay the balance on an invoice, you are actually extending credit. That's fine when customers pay on time. When they ...