About Interest Rates
Submitted by Paul B. Miller, CFP on July 6th, 2016With any loan or investment process, such as buying a car or opening a 401(k) for retirement, investors are going to hear about interest rates in regards to the money they are spending. An interest rate is best thought of as the cost of borrowing money, or conversely, the compensation one party receives for the service and risk of lending money to another party.
