There are two main types of interest, compound interest and simple interest. Compound interest factors in interest earned in the total interest calculation. Therefore, compound interest totals account ...

Compound interest is commonly described as "interest earned on interest." Compound interest can work to your advantage as your investments grow over time, but against you if you're paying off debt, ...

The most powerful force in the world of investing is compound interest. In fact, Albert Einstein once called compound interest the “eighth wonder of the world!” But what is compound interest? Why was ...