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In finance, there is a practice known as compound interest.
Albert Einstein once commented, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”
Why is it interesting to study this practice? Is there any other area in life where we can apply it?
By Heinz Pearly WokasIn finance, there is a practice known as compound interest.
Albert Einstein once commented, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”
Why is it interesting to study this practice? Is there any other area in life where we can apply it?