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Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.”, Albert Einstein

“Compound interest or compounded returns is when your money makes money on previous returns or earns interest on interest. The compound interest formula is calculated by multiplying the principal amount by one plus the annual interest rate by the power of the number of periods the capital will be compounding at to get a total figure for both the principal and what accrues through compound interest.”  Steve Burns of newtraderu.com

Investing is a marathon, not a race.