All posts tagged: compounding

compounding explained

Compounding explained

There is a famous Gary Larson cartoon. Great moments in science: Einstein discovers that time is actually money. This was of course a joke โ€“ but it actually contains a grain of truth. The man behind the theory of relativity may not have discovered compound interest, but in reality, he was sufficiently impressed by its effects to call it the โ€˜eighth wonder of the worldโ€™.

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