time value of money
Personal Finance

How Time Value of Money affects Wealth

The time value of money commonly called time value is the concept that money available today (present time) is more valuable than the same amount in the future. It is a core principle of finance which state that […]

compound interest formula
Investing

Power of Compound Interest on Savings

Whether you liked Mathematics or not, you may have learned compound interest and simple interest calculations in secondary school. However, chances are your teacher never told you the practical importance of compound interest formula in […]

savings products in banks in the gambia
Personal Finance

General Savings Products and their Features

We all save money for different reasons, however choosing the right savings products can be very helpful in managing your funds. Savings products are secure and liquid accounts offered by financial institutions in assisting the management […]