How Compound Interest and Simple Interest Rates Work

This simple, easy comparison of compound versus simple interest rates includes two tips for maximizing the benefits of compound interest. Financial expert and author Adam Goodman also describes two surprising facts about compound interest… Before the tips, a quip: “Many of the biggest and most far-reaching investments we make in our lives are investments that have little or nothing to do with money.” - Daniel Quinn. That said, most of us do invest our money in something - whether it’s our