Tag Archives: Compound

Compound interest is an incredibly powerful force. It allows your money to start growing on its own, with the returns exploding in value over time, if you have the patience. While the idea is easy to understand, the actual application of it can be tricky. Does it make a difference …

The basic concept of interest is really straightforward. If you have $ 10,000 in an investment and it earns 10% interest compounded annually, you’ll earn $ 1,000 in interest in a year. It’s easy — it’s just 10% of $ 10,000. Yet, if you try to apply that type of …