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 […]
Month: February 2019
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 […]