The Rule of 72 is a mathematical formula used to estimate the amount of time it would take for an amount to double using Compound Interest. This formula is very...... Read More

Compound Interest Can Work Against You Just like you can earn profits on money you have, banks and other financial institutions lend you money to earn compound engrossment on the money...... Read More

  Your Money Working For You This example shows how compound interest can work in your favor by doubling your money after a certain number of years depending on the interest rate...... Read More

Understanding Simple vs. Compound Interest One of the fundamental money concepts is Interest. Interest, to give a very basic example, is often a “price” that is paid to borrow money....... Read More