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 ...

The median sales price of a new home was $420,700 in January 2024, according to ConsumerAffairs’ research. Since most homebuyers don’t have that kind of money lying around, you’ll likely have to ...

The highest money market account rate available today is 4.22%  Changes from the Fed or your bank can quickly change money ...

If you’re considering opening a Certificate of Deposit (CD) or already have one, you might be wondering how to calculate CD interest and estimate how much you’ll earn over time. CDs are a low-risk ...

The highest money market account rate available today is 5.00% Changes from the Fed or your bank can quickly change money ...

Home equity is the portion of a house that the homeowner holds outright — the difference between the house's value and the total amount they owe on the home. As their equity increases, homeowners can ...

Companies may lease assets to optimize financial terms and manage balance sheets. Capital lease interest can be computed using the IRR function in a spreadsheet. Adjust IRR formula for payment ...

The recent Fed rate cut had a big (and positive) impact on mortgage rates. Here's what it means for your wallet.

Editor’s note: This is part two of a two-part series on managing parent PLUS loans. Part one is How to Align Strategies for Student Loans and Retirement. Part one of this series covered the importance ...

Certificates of deposit often offer some of the best yields you'll find at your bank or credit union. In fact, the best CD rates currently sit at over 4% APY. But that high interest rate comes with ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...