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What exactly is compounding interest? How does it work? And why should you care about it? In this episode of Closing the Gap, Kate Kuse – a financial education professional for the MO Deferred Comp Plan – does a deep dive into this topic and answers common questions about one of the most powerful tools in personal finance—compounding interest.
By MO Deferred Comp PlanWhat exactly is compounding interest? How does it work? And why should you care about it? In this episode of Closing the Gap, Kate Kuse – a financial education professional for the MO Deferred Comp Plan – does a deep dive into this topic and answers common questions about one of the most powerful tools in personal finance—compounding interest.