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Compound Interest
Calculation of interest on both the principal amount initially provided or borrowed, plus the interest that has accumulated over earlier periods.
Compound Interest
The addition of interest to the principal sum of a loan or deposit, where the interest that has been added also earns interest from that point on.
Compound Interest
The process where interest is calculated not just on the original principal but also on the interest that has accumulated over previous periods.
Compound Interest
This involves calculating interest by adding the initial amount of money deposited or borrowed to the interest that has accumulated over time.
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