One of my favorite quotes comes from American icon Albert Einstein, who, although German born, became an American citizen in 1940. Albert observed that, “Compound interest is the eighth wonder of the ...

Einstein once said, “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” Understanding the basics of this powerful mathematical tool can ...

Elvis Picardo is a regular contributor to Investopedia and has 25+ years of experience as a portfolio manager with diverse capital markets experience. Suzanne is a content marketer, writer, and ...

Interest is quite possibly the most complex bit of math that the average person has to use everyday. Like the Force, it can be used for good, for evil, and it binds the galaxy together. When interest ...

Many students dislike mathematics, especially the concepts taught in higher classes, and often question its application in their lives. However, some math topics hold utmost importance in one’s life ...

It was Albert Einstein who called compound interest the ‘eighth wonder of the world,' saying that ‘he who understands it, earns it. He who doesn't, pays it.' In the investment world, compound interest ...