What is Compound Interest? | SIE, SERIES6, SERIES7, SERIES65, SERIES66 Exam Prep

Compound interest is interest calculated on both the initial principal and the accumulated interest from previous periods, causing wealth to grow exponentially over time. 📚 Learn more about Compound Interest and other key terms for your SIE, SERIES6, SERIES7, SERIES65, SERIES66 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES6, SERIES7, SERIES65, SERIES66 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Compound Interest definition: https://www.open-exam-prep.com/glossary/compound-interest 💡 Exam Tip: Rule of 72: Divide 72 by interest rate = years to double. Compound = exponential growth. --- #general #examprep #financeexam #sie #series6 #series7 #series65 #series66