Compounding
Earning returns on previously earned returns as well as on the original amount, so growth accelerates the longer money is left alone.
Time does the heavy lifting; the contribution just shows up.
Taught in
See also
5.3.B.2
Earning returns on previously earned returns as well as on the original amount, so growth accelerates the longer money is left alone.
Time does the heavy lifting; the contribution just shows up.
5.3.B.2