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The Math Theory –Compound Interest

When you borrow money from a bank, you pay interest. Interest is really a fee charged for borrowing the money, it is a percentage charged on the principle amount for a period of a year - usually.

Compound interest –in Real World

Compound interest is paid on the original principal and on the accumulated past interest.

Loan Calculator

Before taking that additional loan and adding to your debt, it's a good idea to know how much this loan will really cost you

Saving Calculator

There's always a good reason to save money, whether you are trying to buy a car, build a nest egg or travel to Tahiti. Enter your savings goal below, and we'll calculate the amount you need to deposit each month to get to your goal.

Compare 15-year to 30 –year Mortgage

With a 30-year mortgage, you get low monthly payments, but pay more interest over the life of the loan. With a 15-year mortgage, your monthly payments will be higher, but the amount of interest you'll pay over the life of the mortgage will be lower

Mortgage Calculator and Amortization Table

Calculate your monthly mortgage payment. And see the amortization table.

Credit Card Calculator

Is your money being sucked into a compound interest sinkhole? If you're not paying off your credit cards every month, that's just what can happen. It depends on the interest rate charged by the credit card company and whether you pay as much as you can, or just the minimum amount due.

The minimum payment on credit card debt is calculated as a percentage of your current balance. The minimum payment drops as your balance is paid, but thanks to the magic of compounding, you'll end up paying for a long, long time