The loan amount that you borrow is called the principal, and the interest represents the cost of borrowing charged by the lender. To calculate the principal and interest, multiply the principal amount ...

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants, ...

When you consider taking out a loan, it’s important to make sure you can afford the payments. Unfortunately, calculating repayment on some loans may involve complex interest calculations. But personal ...

Annuities provide periodic payments for an agreed-upon period of time, either now or in the future, for the annuitant or beneficiary. You can annuitize the annuity by making monthly, semiannual, or ...

Aly J. Yale is a contributor at Buy Side and an expert on real estate, mortgages, investing and home renovations. Location may be everything in real estate as the saying goes, but with rates these ...

Your payment is calculated based on your chosen interest rate and repayment period. The type of loan (interest-only or amortizing) will determine the loan payment formula and how interest is ...