**SayPro Compound Interest 2

In the world of finance, understanding compound interest is essential for making informed decisions about investments and loans. This article dives into the nuances of compound interest and its impact on your financial journey.

Definition: Compound interest refers to the interest earned or paid on both the initial principal and the accumulated interest from previous periods. As time goes on, the interest compounds, leading to exponential growth in the value of an investment or the amount owed on a loan.