All of you have learned the formula to calculate the compound interest in your school. Compound and simple interests are among the mathematical applications used in real life for years. At certain ...

Learn what compound interest is, how it’s calculated—from annual rates to continuous compounding—and why it’s powerful for savings (and dangerous for debt).

Compound interest is simply “earning interest on top of interest.” It’s one of the most powerful ways for ordinary Canadians to accumulate extraordinary wealth over long periods of time. Below we’ll ...