[enlarge] Compound interest is an Interest which is calculated not only on the initial principal but also the accumulated interest of prior periods. This spreadsheet will show you how your investment will grow based on that interest calculation. Author : Roland P. Adler
[enlarge] If you want to understand how your money will grow if you save your money in the bank, you should learn about compound interest. Compound interest is an interest that arises when interest is added to the principal everytime the interest is due, so the total amount will be calculated together to earn next [...]