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About 5 minutes
Compound interest is truly one of the most important and also fascinating aspects of personal finance. We know, you may not be with us yet, but you will be.
Why is it so important you ask?
Because it represents the way money grows over time. That’s money you own, like your savings and investments, and also money you owe, like your debts.
And while compounding is really what this section is about, let’s break it down and talk about interest rates first.