Hi Taylor: I’m almost embarrassed to write this, but I’m not sure I understand compound interest. I always hear the term, but it doesn’t make perfect sense in my head. Can you explain a little about it and why it’s so important?
Hey Maddie: You shouldn’t be at all embarrassed, especially because I bet there are a ton of readers who are very grateful to you for asking this question. I’d love to talk about compound interest because everyone should understand and appreciate it.