Compound Interest

It has been called the eighth wonder of the world. If harnessed correctly, it can bring you a lot of money. Unfortunately this works in reverse. Compound interest works against you when you are making small payments on your credit card. Let’s take a look at the differences between simple and compound interest:

Simple Interest

Simple interest is interest paid only on the principal (original amount that you invest or borrow).

Learn the advantages, disadvantages, risks, questions to ask before investing, and much more...

For the rest of the article and full site access, please subscribe now.