One of the things that savings, loan payments, mortgages, KiwiSaver and the Consumer Price Index have in common is Compound Interest yet most people don't know what it is and how it works. In fact, most people would say what has it got to do with me and why should I even care about compound interest at all?
Key Ideas:
· What is compound interest and why care?
· The formula for compound interest
· How compound interest grows over time
· The good and bad
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