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 ...

Brian Beers is a digital editor, writer, Emmy-nominated producer, and content expert with 15+ years of experience writing about corporate finance & accounting, fundamental analysis, and investing.

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 ...

Beth Diana Smith is accomplished interior designer with a number of accolades under her belt—like participating in the esteemed Kips Bay Palm Beach Decorator Showhouse in New York and Palm Beach, ...