Compound interest

How compound interest works and how it can help you save money

Chances are you’ve heard of the monetary term “compound interest,” but do you know how it really works? Otherwise, you’re in the majority: 69% of Americans don’t get it. It depends ValuePenguinwho asked 2,000 Americans if they could define key financial terms like credit score, net worth and compound interest, and shared the results with […]

Compound interest

Exponential growth, Moore’s law and compound interest

Exponential growth is a basic concept in mathematics that occurs when a quantity continually doubles. This can lead to surprisingly high numbers very quickly. Exponential growth is a big part of how technology has grown rapidly over the past few decades and is an important thing to keep in mind when making savings and investment […]