Compound interest

The Power of Compound Interest Makes It Difficult to Assess the Financial Consequences — Quartz

Would you rather have $10 million, or the amount you would get by doubling a penny every day for a month (so the first day you would have one penny, the second two cents, the third four cents, etc.)? If the answer isn’t obvious to you, you’re not alone. It’s a question that hinges on […]