Always Care About Compound Interest

in investing •  last month 


Summary

  • How works compound interest?
  • Compound interest can make you rich in the long term.
  • But only if the interest is very high or the term is long enough.
  • And if Steem had a compound interest…? It has.

From your salary to the compound interest

Let’s suppose your salary grew ten percent last year. This year, you get another ten percent more. The original was

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