Lora is a freelance contributor to Newsweek’s Vault team, specializing in articles on saving, investing, borrowing and making money. Lora has a master’s degree in library science, and is based in ...

With more than 15 years of experience crafting content about all aspects of personal finance, Michael Benninger knows how to identify smart moves for your money. His work has been published by Intuit, ...

Compound interest can help turbocharge your savings and investments, or it can quickly lead to an unruly balance, keeping you stuck in a cycle of debt. Its magic can help you earn more — or owe more.

Whether it's figuring the mortgage on commercial property or the rate on a short-term loan, compound interest calculations are a basic computation for business owners. If your business deals with ...

A money market account is an account that bears interest over time. It has features of both a savings and a checking account, but generally with higher interest rates and less flexibility. Because the ...

In the real world, simple interest is rarely used. When you deposit money into an interest-bearing account, or take out a line of credit, the interest that accumulates is added to the principal, and ...

Here’s what you need to know about two terms related to annuities — present value and future value. Present value of an annuity vs. future value of an annuity: What’s the di ...

The most powerful force in the world of investing is compound interest. In fact, Albert Einstein once called compound interest the “eighth wonder of the world!” But what is compound interest? Why was ...

Michael Benninger is the lead editor of banking at Forbes Advisor, with more than 10 years of experience in the personal finance space. His writing has been published by the Los Angeles Times, ...