VOA慢速英语2012.02.29 will, one, compound, interest, invested

Rebecca949

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A savings account is an excellent way to learn about the power of compound interest.
储蓄账户是了解复利的一个很好的方式。
Compounding works by paying interest on interest. So, for example, one dollar invested at two percent interest for two years will earn two cents in the first year. The second year, the money will earn two percent of one dollar and two cents, and so on.
复利是指连本带息进行计算。例如，以2%的利息存入一美元，存期为两年。第一年你可以获得2美分的利息。第二年，你将获得1美元加2美分的2%的利息，以此类推。
That may not seem like a lot. But over time it adds up.
这看上去似乎不多，但随着时间的推移数额将不断增加。

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susan.sui

requiring children to save part of their allowance can also open the door to future saving and investing.many banks offer services to help children and teenagers learn about personal finance.

yunalinzi

It's different in China which works by paying principal!

我是君君

simon8012

I think it's a good way to teach your child to save money ,and teach him to learn how to accumulate the money

dentist

Requiring children to save part of their allowances can also open the door to future saving and investing. Many banks offer services to help children and teenagers learn about personal finance. A saving account is an excellent way to learn about the power of compound  interest . Compounding works by paying interest on interest . So ,for example ,one dollar invested at 2 percent interest for 2 years will earn 2 cents in the first year.  The second year ,the money will earn 2 percent of 1 dollar and 2 cents,and so on. That may not seem like a lot ,but over time, it adds up.

guohh

requiring children to save part of their allowance can also open the door to future saving and investing.many banks offer services to help children and teenagers learn about personal finance