check out the chart on p. 23--Amazing what COMPOUNDING can do!
Even better chart on p. 24--Higher interest rate=more $$$ for you!
Post a summary, opinion, and or questions here and remember to post a comment about a classmate's post.
(Yes you can give high fives Amanda and No, it isn't a requirement to comment about your fantasy community Robert)
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compounding takes time the more time u have the more money u can get
ReplyDeleteCompound interest is awesome....it appears toucan make bank off it after time....it must be important if Einstein says so
ReplyDeletei think its amazing how much money u can have in awhile after your interest keeps going up
ReplyDeleteIt pretty much talked about how you can make your money go up by saving it and the higher the return the faster it will grow...
ReplyDeleteYou just gotta take time to get a bunch of money
ReplyDeletegood job amanda!!!!!!!! i agree with you
ReplyDeletei agree with alex. if einstein said its a good idea then i think its a good idea
ReplyDeletegood comment jace n_n lol
ReplyDeletewhy doesn't everyone do this...it sounds to good...there must be a catch
ReplyDeleteYeah but we are already running out of time...in 50 years we will be about 70 years old.....i wont be able to much at 70 years old that i would want to
ReplyDeleteRobert Johnson
I'll be ripped like rambo when I'm 70...Guarantee it
ReplyDeleteno way....u will pry be smaller than u r now if thats possible
ReplyDeletethats rude
ReplyDeleteyet very true.....i could use a mill when im 50 but when im 70 it seems like i wont have much to buy....they need to teach this when we are like ten lol
ReplyDeleteRobert Johnson
I already am ripped like rambo. anyone who disagrees will have to deal with by bff.............TONY JAA!
ReplyDeleteCompound interest; however, is la bomba... sooooooo there.
ReplyDeleteAlex
ReplyDeleteEinstein's word is law
Well im about to write as much as what i did the last time but this compound thing is so confusing to me a blonde lol jk but it is really confusing and im not so sure that i have the time for it im not that patient you know!
ReplyDeleteamanda i agree with you
ReplyDeleteThe more money you have and want to save the more u will have.
ReplyDeleteU will also hAVE MORE MONEY FASTER..
ReplyDeletesave money to get more
ReplyDeleteChapter 3: Compound interest definitely seems like the way to go. At least, in my opinion, you have more security with interest than with stock. Stock is just as likely to go down as it is to go up, but you can always get interest on an account. Are there any bank account types that offer you 10% compound interest?
ReplyDeleteI wonder in what context Einstein made that quote about Compound Interest. It seems rather random. Did they have reliable banks back then?
ReplyDelete