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Definitions from the WebCompound InterestDefinition: Compound interest is the interest calculated on both the initial principal and the accumulated interest of a deposit or loan. It is a form of interest where the interest is added to the principal, and subsequent interest is calculated based on the new total. Usage:As a noun:1. Compound interest is a crucial concept in the world of finance and investments, as it allows for exponential growth of money over time. 2. The compound interest on my savings account has been steadily increasing, bringing me closer to my financial goals. As a verb:1. By investing wisely, you can compound the interest on your investments and make significant gains in the long run. 2. She compounded the interest on her loan by making regular payments and reduced the overall amount she owed. Related Products: | ||||
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