What Does a $100 Online Payment Actually Cost a Business?
A $100 online sale rarely puts $100 in a business's account. See how processing fees work, what Stripe, PayPal and Square charge, and where the money goes.
Curious things, explained.
The stories, science, and small details behind the things we use every day.
Money & work
4 articles
Why Is a Full-Time Work Year 2,080 Hours?
Salary calculators often use 2,080 hours for a full-time work year. Here is where that number comes from, when it is useful, and why actual yearly work hours can be very different.
Why Do Some Loans Use a 360-Day Year?
Some loans calculate interest using 360 days even though a calendar year has 365 or 366. The reason lies in financial day-count conventions such as 30/360 and Actual/360.
Why So Much of Your Mortgage Payment Goes to Interest at First
Why does your mortgage balance fall so slowly at first? Learn how principal, interest, and amortization split each payment and change over time.
