You’ll be asked 20 questions to assess your knowledge of retirement planning.

What is compound interest?

With compound interest, money in a savings account grows exponentially. This is a great way to accumulate wealth for the long term, as long as interest rates are higher than the rate of inflation. Unpaid debts also accumulate compound interest, often at uncomfortably high interest rates. This means that not paying them off early can lead to severe financial problems later on.

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