One of the basics in understanding investment is the Compounding Interest. But what does this mean? Who discovered or formulated this rule? What is it for us?
Actually, for those who are into Financial Planning or who wants to be a Financial Broker. this will help you in understanding investments.
The compounding interest is discovered by Albert Einstein, known as the Rule of 72. It is actually an estimate on how much your money will double.
Below is a short video about the brief concept of the Rule of 72.
