Money IQ Challenge 6

Question:

❓What has the biggest impact on how much your money grows through compound interest?

A) The amount you start with

B) The interest rate

C) How often you check your account

D) How long you leave the money invested

Answer:

D) How long you leave the money invested.

Here’s why:

While starting amount and interest rate matter, time is the most powerful factor in compound interest because compounding grows exponentially.

The longer your money stays put, the more it works on its own.

The earlier you start (even with a small amount), giving it time to grow makes the biggest difference.

It’s not about timing the market. It’s about time in the market.

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