There's a well-known saying that compound interest is the “eighth wonder of the world.” While the quote’s origins are debated, the power of compound interest is undeniable. It can transform modest ...

Compound interest is interest paid on a principal balance — your deposits or invested funds — plus any interest that the principal has earned. It grows your money much faster than simple interest, ...

Compound interest can lead to exponential asset growth. Compound growth also applies to equity assets, even if the returns don't come in the form of interest. It's important to start saving as early ...