04 - Compound Interest
Nov 17, 2020•16 min•Season 1Ep. 4
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Episode description
When's the best time to start investing? Why is my credit card bill going up despite monthly payments? How can maths help me make money?
In this episode, we'll explore the wonderful, scary world of compound interest and how powerful exponential growth can be! I wish someone had explained all of this to me 10 years earlier...
Compound interest formula:
A = P(1+r)^n
(A = future value, P = present value, r = interest rate as decimal, n = number of periods/years)
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