The Power of Compound Interest
Jack, a young investor, discovered the power of compound interest. He started saving $1,000 annually in a high-yield savings account, earning a 5% interest rate.

Over time, Jack's savings grew exponentially:

- After 5 years, Jack had saved $5,000 + interest.
- After 10 years, his savings doubled.
- After 20 years, Jack's initial $20,000 investment grew to over $33,000.

Jack's story illustrates:

1. *Starting early*: Jack's early start allowed time to work in his favor.
2. *Consistency*: Regular savings contributed to his growth.
3. *Patience*: Jack let his money grow over time.

Compound interest helped Jack build wealth, demonstrating the value of long-term investing and patience.


11 12

Nice
13 14

Nice update
11 12

Nice 👍👍
11 10

Nice 👍👍👍👍
9 10