How Simple Interest Works: An Example Suppose you take out a $5,000 loan at 6% interest for two years. To calculate the amount of interest you will pay, use the simple interest formula above.

To decide which type of CD is best for you, consider its value. Here’s how to calculate CD interest, helping you better manage your hard-earned money.

Many lenders will require you to write a business plan to support your loan application. Though every business plan is different, there are a number of sections that appear in every business plan.

The cost of a home addition typically ranges from $21,936 to $83,339, according to Angi. But really, you can expect to spend ...