The Mathematics of Everyday Life

The Magic of Compound Interest (1x1)

Fecha de emisión: Mar 01, 2021

Explore the marvel that Albert Einstein called “the eighth wonder of the world”—compound interest, which is the strategy of reinvesting interest rather than paying it out. Simple calculations show that a retirement nest egg of $1 million or more is within reach for those who start investing early. Learn why the average rate of return can be misleading. Also get tips for building a college fund.