A FICO score, more commonly known as a credit score, is a three-digit number that is used to assess how likely a person is to repay the credit.| Corporate Finance Institute
The Annual Equivalent Rate (AER) is the rate of interest after taking into account the effects of compounding to normalize the interest rate. The AER is the| Corporate Finance Institute
A mortgage is a type of loan secured by real property. There are residential and commercial mortgages, with risk characteristics that are unique to each.| Corporate Finance Institute
Simple interest formula, calculator, definition, and example. Simple interest is a calculation of interest that doesn't take into account compounding.| Corporate Finance Institute
A principal payment is a payment toward the original amount of a loan. A principal payment is one made on a loan that reduces the remaining loan amount due.| Corporate Finance Institute
A loan is a sum of money that one or more individuals or companies borrow from banks or other financial institutions so as to financially manage planned or unplanned events.| Corporate Finance Institute
When investing in stocks and bonds, investors are paid either an accrued interest vs regular interest at an agreed period.| Corporate Finance Institute
The Federal Reserve is the central bank of the United States and is the financial authority behind the world’s largest free market economy.| Corporate Finance Institute
This effective annual interest rate calculator helps you calculate the EAR given the nominal interest rate and number of compounding periods.| Corporate Finance Institute
Navigate the world of financial planning and wealth management with expertise. Check out CFI's library of courses and take control of your financial well-being.| Corporate Finance Institute