Take a Closer Look
Interest is the price you pay to borrow money or the cost you charge to lend money. Compound interest is a very effective way to grow a small amount of money into a much larger sum of money. > See more videos.
Making Sense of It
Last week, Moody’s Ratings
lowered the United States’
credit rating for the
first time ever. Among other
things, a country’s credit rating
determines how much it pays to
borrow money, which could affect
consumer borrowing rates.
