Business, 28.10.2020 18:30 rockyroad19

1 2 3 4 5 6 7 8 9 10 Why is compound interest preferable to simple interest?

Compound interest pays at least double the interest on the principal during each month.
Compound interest is paid by the week or by the month, not only once during a year.
Compound interest is based on the entire principal, not just a percentage of the principal.
Compound interest pays interest on the principal and the interest earned in each period.

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