The Magic of Compound Interest
Discover how your money can grow over time with the power of compound interest - often called the "eighth wonder of the world."
🌱 The Penny That Became Millions
Would you rather have $1 million today, or a penny that doubles every day for 30 days?
Option 1: $1 Million
Instant gratification
Option 2: Doubling Penny
After 30 days of doubling
That's the power of compound growth! 🚀
Interactive Compound Interest Calculator
Experiment with different amounts, time periods, and interest rates to see how your money can grow.
💡 Even $100 can grow significantly over time!
💡 Consistency is key - even $25/month makes a difference!
💡 Stock market average: ~7%, Savings account: ~1-3%
💡 Time is your secret weapon - the longer, the better!
Understanding Compound Interest
What is Compound Interest?
Compound interest means earning interest on both your original money AND the interest that money has already earned. It's like a snowball rolling downhill - it starts small but picks up more snow (money) as it goes!
Simple vs Compound Interest
Simple: $100 at 10% = $10 per year forever
Compound: $100 at 10% = $10 first year, then $11, then $12.10...
The Magic Formula
A = P(1 + r/n)^(nt)
A = Final amount
P = Principal (starting amount)
r = Interest rate
n = Compounding frequency
t = Time in years
Start Your Compound Interest Journey Today
The best time to plant a tree was 20 years ago. The second best time is now. Start building your financial future with the power of compound interest.