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Compound interest is the interest you earn each year that is added to your money so that it doesn't just merely grow, but snowball exponentially. It is also called, interest on interest.
Einstein called it, "The most powerful force in the universe."
The stock market has a yield of 7% on average.
After 10 years, your money would have grown from ₱1,000 to ₱1,000,0000 with an annual rate of return of 7% compounding.
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