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> Compound interest isn't powerful because it happens every year Yes it is. If you just got a one time payment compounding interest would not have exponential
by andrewtbham 6y ago
> Compound interest isn't powerful because it happens every year
Yes it is. If you just got a one time payment compounding interest would not have exponential growth. I agree that payment on the principal and additional interest is another component of the exponential growth.
- learc83 6y ago>Yes it is. If you just got a one time payment compounding interest would not have exponential growth. Obviously. There is an implied only in that sentence. It clearly doesn't make sense without it.