Mercer Sued by Hedge Fund Worker Fired After Blasting Trump

[muriel_volestrangler]

13. If it's simple interest, then it's not a meaningful return per year now

Only compound interest gives a meaningful comparison.

With simple interest, you're saying that $1 initial investment returns 80 cents a year - so over 30 years, $1 has turned into $25 (which you'd get with just over 11% compound interest - fine, but not something incredible). But each year, your money would only be growing by 3.2% a year.