On the surface, an interest rate is just a number. How that number applies to debt or equity opens up a world of possibilities. The first consideration is always whether it’s simple interest vs.

Q: What is the difference between simple interest and compound interest? My mortgage loan merely states I have to pay 8 percent interest. My loan is from a doctor’s retirement fund, and I believe I am ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. (NewsNation) — As tax season approaches, ...