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23 May, 01:45

How does compound interest work on investments

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  1. 23 May, 04:30
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    Basically, compound interest is how your money makes money on your behalf. If you invest, it means you not only earn a return on the initial amount of your investment, but also earn a return on your earnings. On the flip side, though, it also means that if you borrow money, you're charged interest on your interest.
  2. 23 May, 04:37
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    the interest compounds at a higher rate thus making a good profit
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