What is compound interest?

This is the rule whereby you earn interest on your interest on your interest. It’s not going too far to say it’s the rock on which capitalism is built. Apply it to property, to investments, to any form of capital in fact and it will slowly, steadily make you rich.

Tags: compound interest, compound interest explained

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This entry was posted on Wednesday, April 23rd, 2008 at 1:57 pm and is filed under Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.