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According to control balance theory, everyone has a basic impulse to do this.
Compound Interest
Interest that accrues on the principal amount as well as on the accrued interest from earlier periods, for either a deposit or a loan.
Simple Interest Rate
The percentage of interest paid on the original principal amount of a loan or investment, not compounding over time.
Compound Interest
Interest on both the initial principal and the accumulated interest from previous periods on a deposit or loan.
Rates of Return
Financial returns or setbacks on an investment throughout a chosen timeframe, indicated as a percentage of the investment's original expenditure.
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