Of the previous article we mentioned the successful replication method, Now let us talk about a concept of compound interest.
Einstein said:"The power of compound interest is better than the atomic bomb! "Here has an example.
There were two persons Peter and Andy,we give Peter 33,000 dollars a day, and lasts for one month,Andy,we give him a dollar on the first day,the second day give two dollars,the third day give four dollars,and so on for a month.
Now we summary ==>
Peter received 990,000 dollars and Andy get 1,073,741,823 dollars.
Did you found?Although Peter had been a lot of money in the beginning,but a month later,
Andy get more dollars than Peter,This is the power of compound interest.
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