Compound interest: explain how compound interest works in your own words.
Compound interest Choose an amount between $5,000 and $500,000 of extra capital for principal, P, the initial amount of money to invest.Choose between 5 and 30 years for t. 1. Compound interest: A equals P times the quantity one plus r divided by n raised to the n times t power. 2. Continuously compounding interest … Read more