Why do you think that Albert Einstein once called compound interest the eighth wonder of the world?
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Compound Interest
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Thought to have originated in 17th century Italy, compound...
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Einstein knew that given sufficient time compound interest could truly work w...View the full answer
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Related Book For 
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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