Some attribute the following quote to Albert Einstein:
”Compound interest was the eighth wonder of the world.”
No one can pinpoint the place or time he said it, and the first report of the quote came in a New York Times blurb nearly 30 years after his death.
At any rate, you may already have a good idea about how compound interest works. Here’s a quick rundown before we jump into something even better: dividend compounding.
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