Category Compund Interest

Compounding Interest is Critical (as reported by Ismat Sarah Mangla on www.qz.com)

Do you know how compounding interest works? If you do, you are in the minority. A recent study of over 50 thousand individuals in 30 different countries testing their financial knowledge and behavior found that only 42% of respondents could correctly answer the following question: Will a $100 savings account compounding at an interest rate […]