INTERESTED IN INTEREST

You should be very interested in interest. This is a financial concept that will follow you from the first student loan you take, to the bank accounts you own and the mortgage you may one day take out to buy a house. Think of it as the fee you are charged for the money you borrow. You should understand the kinds of different interest there are and how to calculate it. Interest is a key element of debt and understanding that can make all the difference.