Oh, the power of compounded interest!

Harper's Magazine has created an estimate that the total of reparations due is over 100 trillion dollars, based on 222,505,049 hours of forced labor between 1619 and 1865, with a compounded interest of 6%.

As interest on mortgages is compounded, early payments diminish the period needed to pay off the mortgage, and avoid a quotient of compounded interest.

That amount lets you to pay back both the principal of the mortgage ($150,000) and the total compounded interest ($139,883.68) in exactly 30 years, in 360 monthly installments.

The cool thing about compounded interest is that the bank is paying you interest on the money they've paid you in interest!

Everybody should cut back on mindless, chronic purchases - he has coined the term "latte factor" - sock the money away and take advantage of the "miracle" of compounded interest.

Zimmelman said that one of the attractions of her business for those in need of cash is to avoid the compounded interest that is charged when borrowing on a credit card.

The judge ordered Motorola to pay the $300 million guarantee, plus 9 percent in compounded interest, which adds an additional $65 million to the company's liability.

The cutbacks also assume that a plan will continue to be overfinanced, and thus continue to earn compounded interest.

But Mr. Shernoff estimates that nearly 60 years later, the policy, with compounded interest, should be worth more than $100,000.