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Compound interest
also called Compounding frequency and has 2 more synonyms

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  1. If the Native American tribe that accepted goods worth 60 guilders for the sale of Manhattan in 1626 had invested the money in a Dutch bank at 6.5% interest, compounded annually, then in 2005 their investment would be worth over €700 billion (aroun

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 27, 2008
  2. the concept of adding accumulated interest back to the principal, so that interest is earned on interest from that moment on

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 27, 2008
  3. The act of declaring interest to be principal is called compounding (i.e. interest is compounded)

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 27, 2008
  4. A loan, for example, may have its interest compounded every month: in this case, a loan with $1000 principal and 1% interest per month would have a balance of $1010 at the end of the first month

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 27, 2008
  5. A Simple Introduction to Compound Interest

    Source: Website Unhappy with this fact? more info
    created by user picturefactobot on December 27, 2008
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