Term of the day

Term of the day

Fixed-Rate Payment

It is the amount a borrower pays to a lender in a fixed-rate loan. Fixed-rate loan payments are equal amounts until the loan plus interest are paid in full.

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Building Wealth
Building Wealth
Determining Stock Value: What Should You Look For?
Starting out an investment entails a lot of factors to consider so as not to put your money to waste. Among the many steps in investing is picking out which stocks you should invest on, hence it is important that you choose carefully based on determinants that indicate its value.
Finance for Individuals
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Investment Instruments
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Money Smart
Money Smart
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You are a first-time car buyer. Wanting to get a great price and best rate, you choose a 0% financing. Do you believe that type of financing is the best choice? We tell you otherwise. &nb sp; Zero percent may not be 0% literally.
Taxation in Finance
Taxation in Finance
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The first federal income tax statute stemmed from enacting the Revenue Act of 1861, which was passed by the Union government to help fund expenses related to Civil War. Then the second revenue was passed in 1862, which introduced two tax brackets: 3% for annual incomes ranging from $600 to $10,000, and 5% on incomes $10,000 and above.
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