Albert Einstein is credited with saying compound interest is the most powerful force in the universe and those who understand it and use it will benefit from it in more ways than one.
This “eighth wonder of the world,” said the man who discovered the Theory of Relativity, has proven to be the most significant piece of basic arithmetic used in principles defining the economics of modern times.
Compound interest among myriad principals of business, some say, are essential pieces of anyone’s advanced education. Without basic economic knowledge, workers and consumers are largely ignorant of the world revolving around them.
