David Harper is the CEO and founder of Bionic Turtle. He is also a published author with a popular YouTube channel on expert finance topics. Michael Boyle is an experienced financial professional with ...

Businesses rarely loan or borrow money without receiving or paying interest on the loan amount. Although loans may use simple interest, most loans compound the interest periodically or continuously on ...

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Suzanne is a ...

Compound interest is a favorable method of compensating lenders and depositors wherein interest is periodically credited to the principal, and subsequent interest is paid on the increasing balance.