Compound interest is a favorable method of compensating lenders and depositors wherein interest is periodically credited to the principal, and subsequent interest is paid on the increasing balance.

Forbes contributors publish independent expert analyses and insights. I write about wealth-building and personal finance for entrepreneurs. Throughout my career I’ve learned a lot about the financial ...

Liliana Hall was a writer for CNET Money covering banking, credit cards and mortgages. Previously, she wrote about personal credit for Bankrate and CreditCards.com. David McMillin writes about credit ...