Brokerage Account vs. IRA: What’s the Difference?
The primary difference between an IRA or a brokerage account is the purpose for which you are opening one. An IRA, or Individual Retirement Account, is a retirement-based account that…
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Rule of 72
What is the Rule of 72? The Rule of 72 is a mathematical principle that estimates the time it will take for an investment to double in value. The mention…
Effective Annual Interest Rate: Definition, Formula, and Example
What is the Effective Annual Interest Rate? The Effective Annual Interest Rate (EAR) is the interest rate that is adjusted for compounding over a given period. Simply put, the effective annual interest…