Dee Reavis
Dee's latest writings
Using A Simple Interest Calculator-Finding The True Price Of Money
Everything costs something, even money. The price of money is the interest paid. In the case of your “idle" funds (savings account, money market, CDs, savings bonds, etc.), you want to be paid for someone else using them. When you borrow money (mortgages, car loans, credit cards, etc.) the bank wants be paid for your privilege of using their money. It is important that you know the... (posted by Dee 5 years 227 days ago.)
Everything costs something, even money. The price of money is the interest paid. In the case of your “idle" funds (savings account, money market, CDs, savings bonds, etc.), you want to be paid for someone else using them. When you borrow money (mortgages, car loans, credit cards, etc.) the bank wants be paid for your privilege of using their money. It is important that you know the... (posted by Dee 5 years 227 days ago.)
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