Calculator: Compound Interest
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Description

Compound interest is a method used to calculate interest on an investment. It involves adding together the principal amount and the previously generated interest to determine the next interest payment. Unlike simple investments that earn a fixed amount of interest each time, compounding investments accumulate more and more interest, resulting in exponential growth of your assets over time.
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App Info

Category
Finance
Publisher
Seongho Cha
Languages
English, Dutch, French, Hindi, Italian, Japanese, Korean, Portuguese, Russian, Chinese, Spanish, Thai, Turkish, Vietnamese
Recent version
1.4 (5 months ago )
Released on
Jun 8, 2023 (1 year ago )
Last updated
2 weeks ago