Your friend made the same investment as you but started 2 years later than you. You make an investment of $1000/month for 5 years at a 5% rate of annual interest for yearly compounding. Remember that compounding works best when you start early and keep on investing for the long term. Start making investments the moment you start earning. Here, we are discussing some of the tips for you to make maximum profit from the compounding process. Compounding can turn even small investments into large ones if you give enough time. It is a continual process and benefits the most over the long term. It makes sure that the interest is earned on the original amount as well as on the returns.
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