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compound interest |
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compound interestInterest calculated by computing the rate against the original capital plus reinvested interest each time the interest becomes due. When simple interest is calculated, only the interest on the original capital is added. For example, 10% compound interest on £2,000 over three years can be calculated as follows: where the multiplier is arrived at by 1 ± the percentage as a decimal, with the power being the number of years over which the interest is to be calculated. |
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Our loves are not given, but only lent, At compound interest of cent per cent. The longer The payment is withholden, the better for you; for compound interest on compound interest is the rate and usage of this exchequer. Casaubon had imagined that his long studious bachelorhood had stored up for him a compound interest of enjoyment, and that large drafts on his affections would not fail to be honored; for we all of us, grave or light, get our thoughts entangled in metaphors, and act fatally on the strength of them. |
compound interest
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