Additional Information
Please fill-in the following information before you start your courses:
First Name: Last Name: Organization/Agency your work for: (Please put N/A if you are not working for anyone) City and province: Which of the following financial empowerment services does your organization provide? (Check any that apply): Save
Show inline popup

CIRO Nov 2024
Compound Interest
Access this resource

You need to login or register to bookmark/favorite this content.

Compound interest, also known as compounding, is a financial concept that can turn small investments into large sums over time. Unlike simple interest, which is calculated only on the first amount of money invested, compound interest takes into account both the principal (first deposit) and the collected interest; you basically get to earn interest on interest.

Author: CIRO
Topic: Asset building and saving
Publisher: CIRO
Location: Canada
Format: Article, Reports/Articles
Content Type: Tools
Publication Date: November 2, 2024