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Earn +20 ptsQ: What is earning interest on interest called?
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How do you calculate profit?
you take the earning before interest and taxes
How can compound interest be good for me?
Its goodness or otherwise depends on whether you are a borrower (bad) or a lender/saver (good).
When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called Answer discount interest compound interest primary interest?
If the interest is reinvested and so itself gains interest (in the next interest period) it is compound interest.
How much interest should you get on 10000.00 at 0.050 interest yearly?
BlockFi offers crypto interest-earning accounts with up to 8.6% APY. This allows clients holding crypto like Bit coin & Ether to earn compounding interest. BlockFi also offers low-cost USD loans backed by crypto. Access crypto capital without selling. bkxzP
What is the amount charged for borrowing money called?
Interest.(:
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