TL;DR
- Compound interest is a type of interest that is calculated on the initial principal of an investment as well as the accumulated interest of previous periods.
- The formula for compound interest is: A = P(1 + r/n)nt, where A is the final amount, P is the initial principal invested, r is the interest rate, n is the number of times interest has been applied per time period, and t is the number of time periods elapsed.
- To earn compound interest, you can either inv