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11 October, 15:46

When dealing with a loan, who benefits from compounding interest more frequently, and why?

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  1. 11 October, 19:36
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    The lender would benefit from compounded interest, providing the money which was loaned is paid back. Lenders add interest charges to loans so that they can earn a healthy profit and also mitigate risks. Lending out money can be a risky business, which is precisely why lenders perform credit and background checks on clients before handing out loans.
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