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Step 1: Change Your Life With One Calculation | The Motley Fool Canada

If there were an eighth wonder of the world, we’d nominate the equation for compound interest: Your money x (1 + i)^n. (If you’re not a math geek, don’t worry; we’re going to decipher that for you.) Albert Einstein called this deceptively simple formula the eighth wonder of the world and went on to say “he who understands, earns it….he who doesn’t, pays it”  We call it your ticket to financial independence. That’s right, just three straightforward inputs can change your life: the amount of money you invest; the rate of return you get; and how much time you have to let your money grow.

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