How to calculate compound interest? Understand the math
Compound interest is one of the most powerful tools in the world of finance. Understanding how to calculate and apply compound interest can not only help you manage your personal finances, but also make more informed financial decisions in your life. What is compound interest? Compound interest is a fundamental concept in the world of finance and represents one of the most powerful ways of growing capital over time. In essence, compound interest refers to interest on interest, i.e. the earnings generated by an investment are reinvested and, in turn, generate further earnings. Mechanism ... Read more