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Betty by Gary Delainey and Gerry Rasmussen for March 28, 1996
March 27, 1996
March 29, 1996
Transcript:
-Compounding is interest earned on interest -Say, for example, you put $100 in an investment yielding 10% after the first year, you'd have your original back, plus $10 in interest 0But in the second year, sure your $100 will earn another $10, but the first $10 will also earn at 10%- a gain, thanks to compounding of $1! -And so it goes, interest growing on interest growing on interest for as long as you hold the investment! -Interesting, isn't it, how interesting interest is? -Say yes. He could go on for hours