XPost: ca.general, ca.politics, alt.california
XPost: alt.abortion, alt.drugs.abuse
On 12/7/2019 2:54 PM, Regulation Of Commerce wrote:
There is 2%-2.5% inflation per year, 20%-25% per decade.
OK,
So, we can see that either
#1 Your education never included compound interest,
or
#2 You were not paying enough attention to that lesson.
What level of schooling have you finished?
What is the highest level class in economics you took?
"Compound interest - meaning that the interest you earn each year is
added to your principal, so that the balance doesn't merely grow, it
grows at an increasing rate - is one of the most useful concepts in
finance. It is the basis of everything from a personal savings plan to
the long term growth of the stock market. It also accounts for the
effects of inflation, and the importance of paying down your debt."
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