How does the age a person starts saving at the impact the amount they can earn in compound interest?

History

2 answers:

kirill115 [55]2 years ago

7 0

Answer:

The earlier you start saving, the more you can end up saving. <u>Compound interest is "interest on interest"</u> while simple interest is on the principle amount of a loan only.

Explanation:

kondaur [170]2 years ago

6 0

Saving money from a young age can let you be eligible to save a great quantity in sum. Hence, making you enabled to receive more interest in your account balances bc It’ll grow.

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