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How to Calculate Compound Interest Online: A Step-by-Step Guide
Meaning of compound interest Compound interest is when you earn interest not only on the initial amount invested in any mutual fund, FD, etc. but also on the interest earned over the invested period. You will earn more wealth in the future with this interest-on-interest scheme. Interest compounding can be done on loans, bank deposits, and investments. The interest can be compounded...
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