You've probably heard this quote from Shakespeare—"Neither a borrower nor a lender be." What did Shakespeare have against borrowing and lending?
Perhaps, he was concerned that the lender might not be repaid in a timely way. Or, maybe, he was fearful that friendships and family relations might be strained by people's disagreements over loans and repayments. However, Shakespeare might not have considered the role of interest. Interest payments can allow both borrowers and lenders to benefit from their transactions. This module is designed to help you better understand paying and receiving interest.