Understand the replacement chain method, a crucial capital budgeting tool for comparing projects with different life spans. Explore how it works, its requirements, and alternatives.

Learn how the previous balance method calculates credit card interest, its implications for cardholders, and why it might not be the best choice for you.

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. Managing Editor, Global Data and Automation for ...