Compound Interest Made Simple

Compound interest is the method of finding interest where interest is charged on the principal as well as the interest already accumulated. Review a simpler method for finding compound interest with this tutorial. Continue reading

TIE Ratio

The TIE Ratio (or times interest earned ratio) is a part of your financial toolbox. This interactive tutorial explains the concept by walking you through the calculations. It’s great for checking your homework answers, too! 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