| Albert Einstein once quipped that the greatest mathematical discovery of all time is compound interest. |
| Effectively, their Lordships' decision enables banks to charge compound interest even at the penalty rate chargeable upon the customer's default. |
| So should we all assume a lower growth rate when playing with our compound interest calculators? |
| One easy way to use interest to your advantage is to understand and apply the magic of compound interest. |
| This is where compound interest calculators can be so useful, provided you don't get carried away with outlandish annual growth rates. |
| You can also try putting a few numbers into our compound interest calculator. |
