LINKS--
| Calorie
Project |
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| Compound
Interest Project |
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| General |
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What is Compound Interest?
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Compound Interest is a common type of interest in the world
today which takes into account an interest rate, an original
principal, and the number of times per year that interest is
compounded.
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Compound
Interest differs from simple interest in that in simple
interest, interest is only paid on the
original principal,
whereas in compound interest, interest is paid on the balance
as a whole (original principal as well as past interest payments).
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Compound
Interest will always return a finite balance.
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