That may not sound like much but the power of compound interest means the cash effect will be substantial.
Why do people fail to understand the value of compound interest and savings?
The large amount involved represented the accumulation of compound interest.
She went on forgetting him with compound interest after that.
Those families experience the miracle of compound interest in reverse.
With compound interest over 722 years, the sum is not insignificant.
By then, your £300 33.3% per month loan with compound interest will have increased to around £297,975,538.
In fact, the effect of any advantage grows like compound interest, so it doesn't take all that long.
It is amazing to see the power of compound interest at work!
With compound interest, I was just shy of being a billionaire.