Online compound interest table

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Note here that a deposit or loan grows at a faster rate thanks to compounding.

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In other words, compound interest is the interest calculated on the initial principal as well as the interest which has accumulated during consecutive periods. In finance, compound interest is defined as interest that is earned not only on the initial amount invested but also on any interest. To understand the idea of the compound annual growth rate, first of all, you should know what compound interest is.

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