Compound interest

when interest is added to the principal of a deposit or loan, so that, from that moment on, the interest that has been added also earns interest

Compound interest is the addition of interest to the principal sum of a loan or deposit.

Quotes

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  • The more the capitalist has accumulated, the more he is able to accumulate.


  • "Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it."

See also

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