It's not the fact that it's compounding that makes a difference. It's the interest rate. Realistic interest rates are around 5% a year, or .013% a day. That's 1/8000th of the interest shown in this video.
Relevant xkcd: https://xkcd.com/947/
It's not the fact that it's compounding that makes a difference. It's the interest rate. Realistic interest rates are around 5% a year, or .013% a day. That's 1/8000th of the interest shown in this video.
Relevant xkcd: https://xkcd.com/947/
RE: A Penny a Day- By Brandon Williams