Principal is the amount of money you are borrowing. Interest is the amount you are charged per month for borrowing money, expressed as a percent. Number of years, also known as the loan term, is the ...

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Cash flow statements ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Eric's career includes extensive work in ...