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Finance in Fifteen - An understanding of Interest Rates
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In this episode, David and Trevor dig into a topic business owners are raising more and more: interest rates and what do they actually equate to in terms or cost to the business.
Banks and other lenders alike, price interest to ensure they can cover their costs and deliver a return to the sources of the capital. But for many business owners, interest rates are still confusing, especially when they are described in different ways. APR, yield, flat rate, fixed, variable, gross, net of fees, the list goes on.
They also tackle the idea of what a “fair” rate of interest actually…
The skinny
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