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Einstein allegedly called compound interest the eighth wonder of the world. Benjamin Franklin defined it more poetically: "Money makes money. And the money that money makes, makes money." Here's ...

CNBC Select defines compound interest, how it works and ways to take advantage of it if you're looking for a new credit card or somewhere to stash your cash.

Simple interest is calculated on the principal amount. Compound interest is calculated on both the principal and accumulated interest. Simple interest results in linear growth. Compound interest ...

Compound interest can help turbocharge your savings and investments, or it can quickly lead to an unruly balance, keeping you stuck in a cycle of debt. Its magic can help you earn more — or owe more.

Compound interest is how your money makes money -- and it can make you rich.