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|Importance of Compound Interest Compound interest is widely believed to be |
one of the most powerful forces in the universe. Indeed, some claim that Albert
Einstein once said that compound interest was the eighth wonder of the world
|He didn't say it is gravity or electromagnetism or centrifugal force, all such |
powerful forces that they keep the whole universe working. No, he said the most
powerful force in the universe is compound interest. Compound interest means
that the ...
|“The most powerful force in the universe is compound interest.” The preceding |
quote is often attributed to Albert Einstein, the same chap who unlocked many of
the secrets of nuclear energy. While it is not clear that he actually held compound
|It builds on a simple, but powerful dynamic, what Albert Einstein is said to have |
called the “most powerful force in the universe”: compound interest. Here's the
basic idea. Let's say you deposit $1,000 in a bank and you earn 3 percent
|Who wouldn't want a business where you can make interest on money you never |
had in the first place? George W. Ball certainly liked the sound ... FORCE. IN.
THE. UNIVERSE. “The most powerful force in the universe is compound interest.”
|Figure 6.1 shows that when $10,000 is invested at 9.8% compounded quarterly |
for 17 years, the future value is about ... to shed some light on why Albert Einstein
characterized compound interest as “the most powerful force in the Universe.
|The fundamental idea is that a dollar received today is worth more than a dollar |
to be received in the future. This result occurs because a dollar in ... “The most
powerful force in the universe is compound interest.” The preceding quote is
|A Financial Roadmap for Young Investors Brian Perry. Chapter 4 Do You Believe |
In Magic? (The Most Powerful Force in the Universe) “The most powerful force in
the universe is compound interest.”– Albert Einstein Do you believe in magic?
|If Grandma and Grandpa deposit $58,172.87 into a bank account pay- ing 5% |
simple annual interest, the account will contain $140,000 ... Albert Einstein is
reputed to have said that the most powerful force in the universe is compound
|He answered, “Compound interest!” It's commonly thought that Einstein was |
joking when he made that famous pronouncement. I'd like to think he was serious
. Compound interest is indeed one of the most powerful forces in the universe of ...