nifty to Comic Strips@lemmy.world • 4 months agoSo cleverlemmy.worldimagemessage-square38fedilinkarrow-up1776arrow-down113
arrow-up1763arrow-down1imageSo cleverlemmy.worldnifty to Comic Strips@lemmy.world • 4 months agomessage-square38fedilink
minus-square@Donkter@lemmy.worldlinkfedilink38•4 months agoI understand compound interest and how it works. If I invest money now, the interest I earn compounds on my accumulated interest on top of the initial investment. It’s not a very difficult or esoteric concept. What now? Do I get a pony?
minus-square@Kelly@lemmy.worldlinkfedilinkEnglish9•3 months agoThat depends, did you buy ¼ of a pony 20 years ago?
I understand compound interest and how it works. If I invest money now, the interest I earn compounds on my accumulated interest on top of the initial investment. It’s not a very difficult or esoteric concept.
What now? Do I get a pony?
That depends, did you buy ¼ of a pony 20 years ago?