Finance & Banking

Compound interest

ˈkɑːmpaʊnd ˈɪntrəst

noun

What does Compound interest mean?

Interest earning interest over time.

Example sentence

"Compound interest makes early investing powerful."

American usage tip

Einstein allegedly called it the eighth wonder.

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Individual Retirement Account.
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A plan for income and spending.
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The annual wage form employers send for taxes.
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A fund tracking a whole market index.

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