Einsteinis reputed to have sad that “compound interest is the eighth wonder of the woeld”.Or something like that.
And it goes back to that story ,you probably learned when you were in grade school.
Where sombody did something for the key.
And the king said .”What can i do for you?”
And he said ,”Well .lets take a chessboard and put one kernel of wheat on the first square.and then double it one the second and double it on the thrid”
And the king really agreed to it and by the time he figured out what two theo 64 amounted to .he was giving away the entire kingdom.
So it’s a pretty simple concept but over thime it accomlishes extraoridinary things.
