Albert Einstein once said that compound interest is the 8th wonder of
the world. He who understands it, earns it; he who doesn't, pays it.
A good rule of thumb to calculate the power of compound interest is the
rule of 72. Divide 72 by the interest rate to find out how many years it
will take for your money to double.
Combining regular deposits with compound interest can lead to
significant growth in your savings over time.
