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2. What is compound interest? How compounding works to ... - AOL

   www.aol.com/finance/what-is-compound-interest...

   Compound interest is the interest earned on that higher balance. Often described as earning interest on your interest, compounding is done on a schedule — such as daily, monthly or annually.

3. Compound interest - Wikipedia

   en.wikipedia.org/wiki/Compound_interest

   Compound interest is interest accumulated from a principal sum and previously accumulated interest. It is the result of reinvesting or retaining interest that would ...

4. Compound interest: Your greatest ally or your worst enemy - AOL

   www.aol.com/finance/compound-interest-greatest...

   Compound interest is a factor you need to understand when thinking about a whole range of financial instruments. Savings accounts: These bank accounts earn interest on savings that compound daily ...

5. Why is compound interest better than simple interest? - AOL

   www.aol.com/finance/why-compound-interest-better...

   “Compound interest is the eighth wonder of the world,” is a quote commonly attributed to Albert Einstein. Ultimately, it’s unknown whether the famous physicist truly ever uttered those words.

6. Interest - Wikipedia

   en.wikipedia.org/wiki/Interest

   Simple interest is calculated only on the principal amount, or on that portion of the principal amount that remains. It excludes the effect of compounding. Simple interest can be applied over a time period other than a year, for example, every month. Simple interest is calculated according to the following formula:

7. What is interest? Definition, how it works and examples - AOL

   www.aol.com/finance/interest-definition-works...

   Compound interest is designed to generate higher returns, at times much higher than simple interest, by compounding the interest earned in the previous terms. If you take out the same loan above ...