compound interest
4
3.1
- noun
- /ˈkɑːmpaʊnd ˈɪntrəst/
- Specialized
:
interés compuesto
- Understanding compound interest is essential for managing your finances effectively and planning for retirement.
- the power of compound interest
- the magic of compound interest
- understand compound interest
Einstein is said to have said that compound interest is the most powerful force known to man.
- Einstein is said to have said that compound interest is the most powerful force known to man.
- Also teach yourself the power of compound interest if you make a loan or deposit.
- This is kind of why compound interest matters.
- No, because you're paying simple interest, you're earning compound interest.
- And right now is the best time to start thinking about it because of compound interest.
- And then, you know, I decided whether I would sell in cash out or just keep it there for compound interest.
- And the longer that you're able to continually earn compound interest, the better that you're going to get on your return on your investment, right?
- They kept, they couldn't pay the debts because the debts were growing at compound interest.
- And you can develop that compound interest in that way.
- Infinite growth is only good for malignant cancer cells and compound interest.
- OK, debt is arguably the most powerful financial tool on the planet, maybe only second to compound interest.
- And so you can think of dark energy as compound interest on space-time and you all know that compound interest.
- And which is, you know, still for the general public causes their brains to just go meltdown in in a wonderful way the first time you see compound interest, right.
Examples
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Over time, compound interest and tax deferrals make a big difference in the amount you will accumulate.
Blog text (1) -
By investing early, you can take full advantage of compound interest to grow your savings over time.
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This is kind of why compound interest matters.
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Set up an account, and we can get you some nice compound interest or maybe an investment would be better for you.
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So compound interest yields exponential growth.
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Social Security is squarely based on what has been called the eighth wonder of the world: compound interest.
Academic text (1997) -
Albert Einstein once called compound interest the eighth wonder of the world, adding he who understands it earns it, he who doesn't pays it.
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Many people underestimate the impact of compound interest on their investment growth and future wealth.
Antonyms
- Specialized
1
3.4
Extra money added only to the original amount, not to any earlier added money
Surface Forms
Morphology
The word 'compound' conveys the idea of combining or adding, so a learner who knows both words can often infer that 'compound interest' is a type of interest that is added or accumulated rather than a completely new meaning. However, the precise technical sense — interest calculated on both the principal and previously earned interest — is specialized and not fully predictable from the constituents for an average B1 learner without some exposure, so the transparency is partial.
Etymology
Compound interest gives a simple picture: imagine a small snowball that grows as it rolls because the bank adds the interest to your original money, so next time you earn interest on the bigger amount. That's why 'compound interest' means you earn interest on your original money and also on the interest it already earned.