Question: 1. The great physicist, Albert Einstein was credited with the observation that compound interest is the most powerful force in the universe. Explain by using

 1. The great physicist, Albert Einstein was credited with the observation
that compound interest is the most powerful force in the universe. Explain

1. The great physicist, Albert Einstein was credited with the observation that compound interest is the most powerful force in the universe. Explain by using an example and a graph to make your points (Hint: use say $100 over a 50 year period with a non-compounding interest of 12% and a compound interest of 5% $FV Time/Yrs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!