Compound Interest Calculator by InvestMentor - 0 views
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investmentor on 12 Dec 22Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be principal is called compounding. Financial institutions vary in terms of their compounding rate frequency - daily, monthly, yearly, etc. Should you wish to work the interest due on a loan, you can use the loan calculator.