Here’s another take: With the passage of time, compound interest turbocharges the growth of your savings and investments—and ...

While compound interest can be applied annually, many financial instruments compound quarterly, monthly, or even daily. The more frequently compounding occurs, the faster your investment grows.

Knowing about compound interest will allow you to properly evaluate bank accounts, money market accounts, CDs and other financial instruments and choose the one that's best suited to your needs.

FASB Issues EDs on Financial Instruments . In October FASB released two proposed statements dealing with financial instruments.One, Accounting for Financial Instruments with Characteristics of ...

Einstein said: "Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it." John Ruedi: Compound Interest a powerful financial 'miracle' ...