Discover how daily interest accrual impacts loans and investments, offering benefits for investors and challenges for borrowers, with key compounding insights.

Do you have lofty dreams that require building up your savings? You may be saving for a car, vacation, or down payment on a home. Are you taking advantage of compound interest to reach your dreams?

Compound interest can help turbocharge your savings and investments, or it can quickly lead to an unruly balance, keeping you stuck in a cycle of debt. Its magic can help you earn more — or owe more.

Einstein allegedly called compound interest the eighth wonder of the world. Benjamin Franklin defined it more poetically: “Money makes money. And the money that money makes, makes money.” Here’s ...