To find out the amount of interest you'll pay, multiply the interest rate (0.5) by the term (3) by the initial amount ($5,000). Your total interest payment over the life of the loan will be $750.

Explore the fixed-rate certificate of deposit – its purpose, workings, benefits, drawbacks, and strategies to optimize your investment returns.

The national average savings account interest rate is 0.38% as of August 8, 2025, according to the latest numbers available from the FDIC. You can earn exponentially more than that by opening a ...

Short interest can vary quite a bit between industries, but in general, between 10% and 20% is considered relatively high, and anything above 20% is considered very high.

Your mortgage annual percentage rate (APR) is different from your mortgage interest rate. The APR gives you a more accurate sense of what you'll pay because it includes fees and other charges.

PFCs are most notable because they determine annual percentage rate (APR) of a loan. Lenders are required by law to disclose APR. This is a good idea in concept, but not so simple in practice.