Rule of 78

The Rule of 78 is a method of allocating interest charges for the life of a loan. Learn how the Rule of 78s works in this tutorial. Continue reading

Balancing Your Checkbook

Balancing your checkbook is little more than making certain you and the bank both agree on what’s happened to your bank account each month. Learn how to balance your checkbook with this helpful tutorial. Continue reading

Average Daily Balance

The Average Daily Balance is the total of the balance at the end of each day during a period divided by the number of days in the period. Learn how to calculate average daily balance (ADB) in this tutorial. Continue reading

About Interest Rates

The topic of interest rates are more complicated than you might think. This tutorial covers the relevant terminology, including APR, APY, and the yield curve. Continue reading