Interest Rates

Payment and Interest

The cost incurred by an entity for borrowed fund. interest expense is non operating expense shown on the income statement.It represents interest payable on any type of borrowings bonds loans convertible debt or lines of credit. It is basically calculated as the interest rate time the outstanding principal amount of the debt.

Credit Cards

Credit Cards

I learned that there are different types of credit cards and different ways to pay bill.you can pay online or with cash. I have also learned the responsibility of having a credit card.


http://youtu.be/PL_F-AjUvjw

The Truth about Savings and Consumption