Watch your money grow—or calculate how much money you will owe in total—with the MoneySense compound interest calculator. Here’s how it works. Compound interest is kind of like getting paid twice on ...

When you borrow money, you’ll also pay interest on top of the amount you borrowed.. Interest is the money the lender gets for loaning you the money. Read Next: 5 Subtly Genius Moves All Wealthy People ...

Compound interest is simply “earning interest on top of interest.” It’s one of the most powerful ways for ordinary Canadians to accumulate extraordinary wealth over long periods of time. Below we’ll ...