How Does Compound Interest Work?

Mark Catanzaro

Open Vault from Federal Reserve Bank of St. Louis

Abstract: Some investments pay interest not just on the principal, but also on the interest over time. The Rule of 72 is an easy calculation to estimate how long it will take to double your money with compound interest.

Date: 2018-09-12
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00100:102490

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