RE: The Math Behind Compund Interest Really Adds Up
I love the concept and math behind compound interest!
Einstein is quoted as saying it is the 8th wonder of the world!
It is the backbone of the whole life insurance policy cash value component, which is one tool in a person's financial freedom portfolio. Understanding it is also key to understanding credit card and other consumer debt, which is at high APR and daily compounding of interest charges. A fascinating subject for sure...for some of us LOL :)
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