Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Simple interest is calculated only on the principal balance of the loan each period.

Elvis Picardo is a regular contributor to Investopedia and has 25+ years of experience as a portfolio manager with diverse capital markets experience. Michael Boyle is an experienced financial ...

Common English Grammar Mistakes: English is one of the most widely spoken languages in the world, yet even fluent speakers often slip up when it comes to grammar. From confusing “its” and “it’s” to ...