This means that even small amounts of money can grow significantly over a long period of time, making it a popular choice for retirement savings.Ĭompare your returns on your investments over a longer time period against world indices or any other financial instruments using Zebra BI Small multiples. One of the benefits of compound interest is that it allows for exponential growth of investments over time. Compound interest is commonly used in financial institutions like banks and investment companies. It differs from simple interest, where only the principal amount is used to calculate the interest. Visualize Excel data better Introduction to Compound InterestĬompound interest is a type of interest that is added to the principal amount, and then the interest is calculated on the new amount.
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