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Compounding interest rates over a 10-year period can magnify differences that look small.
Younger workers, Mr. Bush said, might want to take advantage of compounding interest and personal retirement accounts.
Given all that extra compounding interest, might she in 30 years become a kind of super-Olga?
The woman's interest would be about 31% higher than the man's, as a result of the longer time to take off the loan and compounding interest.
The sooner you start saving for college, the more time there will be for the savings to grow from compounding interest.
The Greens said the compounding interest would particularly hurt lower income earners as they took longer than higher income earners to pay off the loan.
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