Make compound interest part of the national curriculum

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Make compound interest part of the national curriculum

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Albert Einstein called compound interest the 8th wonder of the world .

It means putting £2500 in a pension at 20 could be worth £37,436.14 at 65 verses waiting till 35 £19,030.64 ( assume 7% annual growth).

It means borrowing 10,000 over 5 years at 5% will cost £2,762.82 but over 7 years £4071.00.

Educating children at key stage 4 on this will show them the massive advantages of paying debt off as soon as possible and saving for retirement as soon as possible.

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