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Unit: Interest and debt

About this unit

How is interest calculated? What factors influence your credit score? What is the impact of only paying the minimum balance on your credit card? Build your knowledge of these key financial topics.

Compound interest basics

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Compound interest introduction
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The rule of 72 for compound interest
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Interest basics

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Introduction to interest
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Compound interest
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Why interest rates go up and down
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How rising or falling interest rates might affect you
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Credit basics

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FICO scores and credit bureaus
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Credit cards and loans

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Annual percentage rate (APR) and effective APR
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What is an APR
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How credit card interest is calculated
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Institutional roles in issuing and processing credit cards
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Payday loans
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Unit: Interest and debt

Unit: Interest and debt

About this unit

Compound interest basics

Learn

Interest basics

Learn

Credit basics

Learn

Credit cards and loans

Learn

Debt repayment

Learn

Personal bankruptcy

Learn

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