Compounding is the quiet force that turns steady saving into exponential wealth creation. The Rule of 72 makes this concept ...

Interest is quite possibly the most complex bit of math that the average person has to use everyday. Like the Force, it can be used for good, for evil, and it binds the galaxy together. When interest ...

Elvis Picardo is a regular contributor to Investopedia and has 25+ years of experience as a portfolio manager with diverse capital markets experience. Suzanne is a content marketer, writer, and ...

The Rule of 72 has likely made its way to many table conversations about money. It’s a simple, almost magical calculation that tells you how long it takes to double your investment. And you don’t need ...

In the world of finance and mathematics, compounding is a fundamental concept that can seem deceptively simple yet holds profound implications. It's revered for its power to transform small, ...

Math is awesome. Wait!! Don’t click out of here to go read an article about Beyoncé and her twins! Stay with me so I can tell you why math is awesome. Because if you have a basic understanding of math ...

Simple interest is used when a company borrows money for a loan. Usually this amount will be on a monthly basis. The formula for simple interest is principal times the interest rate times the period.

Calculating Simple Interest is an excellent method to judge your savings in advance. However, calculating it for various interests and principal sums could be complex. This is where Excel comes to ...