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what is compound interest in business. Compound interest is essentially interest on your interest or put another way growth on your investment taking into consideration the previous growth on that same investment. Compound interest is the interest on a loan or deposit calculated based on both the initial principal and and the accumulated interest from previous periods.
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Under this method the interest is charged on principal plus any accumulated interest. What Are Some of the Uses of Compound Interest in Business. Compounding of interest is very common.
Compound interest refers to the phenomenon whereby the interest associated with a bank account loan or investment increases exponentiallyrather than linearlyover time.
If youre borrowing money you want interest compounded. Heres how it works. Compound interest accelerates your. Compound interest is interest that you earn on interest.
