cashville kidz episode 20 impact of interest on credit borrowing

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in this episode, the kids learn about the impact of interest. interest is paid by the borrower to the lender for the amount of money borrowed. a lender is the one who is giving the money while the borrower is the one who is receiving the money.

when we talk about interest, we should also know what the term principal mean. principal refers to the amount of money borrowed. over time, the interest that you pay will add up to be a lot!

when you take a loan, there are 2 things that will affect your borrowing... the interest rate and the duration of the loan. the higher the interest rate, the more you have to pay back. the longer the duration, the more you have to pay back.

avoid borrowing money unnecessarily. if you do borrow, pay it up fast!

mp3 - cashville kidz episode 20 impact of interest on credit borr



cashville kidz episode 20 impact of interest on credit borrowing be a fan of cashville kidz by liking our facebook page now: http://www.facebook.com/cashvillekidzin this episode, the kids learn about the impact of interest. interest is paid by the borrower to the lender for the amount of money borrowed. a lender is the one who is giving the money while the borrower is the one who is receiving the money.when we talk about interest, we should also know what the term principal mean. principal refers to the amount of money borrowed. over time, the interest that you pay will add up to be a lot!when you take a loan, there are 2 things that will affect your borrowing... the interest rate and the duration of the loan. the higher the interest rate, the more you have to pay back. the longer the duration, the more you have to pay back.avoid borrowing money unnecessarily. if you do borrow, pay it up fast!

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