One of the most basic economic concepts that affects personal financial decisions is compound interest, the idea that savings and investments grow based not only on contributions but is enhanced by interest earned on contributions and previous interest. Conversely, compound interest hurts borrowers, especially on high interest loans like credit cards.
Get informed with this helpful website with its easy to use caculator:
The Power of Compound Interest: Guide & Calculator
Other useful calculator tools:
Cost of Living Calculator – https://www.moneygeek.com/cost-of-living-calculator/
Mortgage Calculator – https://www.moneygeek.com/mortgage/mortgage-calculator/
Source: Financial Planning for Women