Sunday, January 15, 2017
8 Investment Terms Every Man Should Know
Compound interest may become one of your best sources of income. This is the interest that you get when you’re investing or saving. This is an accrual of both the amount of your original deposit and the interest that has grown. It is a very powerful tool that you should know about. Compound interest will make your savings and investments grow much faster than simple interest.
For example, you have a $100 deposit or investment. In a while, the sum will be increased by 10% to $110. In the future, the compound interest allows your deposit to grow off not only of $100, but of $110 you’ve already accumulated.