Foundations
Compounding, with real numbers
Compounding means your earnings start earning too. Year one, $100 growing at 7% makes $7. Year two it makes $7.49, because the $7 is working now as well.
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Compounding means your earnings start earning too. Year one, $100 growing at 7% makes $7. Year two it makes $7.49, because the $7 is working now as well.