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5 lines
452 B
Markdown
5 lines
452 B
Markdown
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### Interest
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* Compound Interest: "Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one." [Compound Interest](https://www.investopedia.com/)
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* Simple Interest: "Simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. " [Simple Interest](https://www.investopedia.com/)
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