Compound Interest: The Tool 19th-Century Factory Workers Did Not Have—and You Do
Albert Einstein, according to a quote he probably never said but that remains useful, called compound interest “the eighth wonder of the world.” What is true is that the principle behind it is one of the most powerful—and most underestimated—tools in personal finance. What Compound Interest Is Simple interest works like this: if you deposit 100,000 pesos at a 5% annual rate, after one year you…











