Compound, to savers and investors, means the ability of a sum of money to grow exponentially over time by the repeated addition of earnings to the principal invested. Each round of earnings adds to ...
Owners of small businesses often have limited sources of income and are further burdened by expenses, making it extremely difficult to contribute generous sums to saving accounts. Even in money-tight ...
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” This is a famous quote commonly attributed to Albert Einstein, but fortunately, you ...