Navigate through compounding scenarios and make critical decisions! Learn about compound interest, time horizons, compounding frequency, interest rates, and exponential growth as you try to build wealth.
Compounding Interest Adventure
MONEY:$1,000
Scenario 1 of 12
Understanding Compounding
You have $1,000 and a friend explains that with compounding, you earn interest on both your original money and the interest you've already earned. This creates exponential growth over time.
Should you choose an account that uses compound interest?
Press Y for YES or N for NO