The Power of Compounding
Compound interest is "interest on interest." It makes your money grow faster over time compared to simple interest.
Formula: A = P(1 + r/n)^(nt)
See how your money grows with the power of compounding.
Compound interest is "interest on interest." It makes your money grow faster over time compared to simple interest.
Formula: A = P(1 + r/n)^(nt)