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Tag: Compound Interest.

Finance

Understanding Compound Interest: How Your Money Grows Over Time

When you save money in a bank account or invest it, you can earn something called interest. Compound interest is like a magic trick for growing your money. Here’s how it works: Imagine you have $100 in a savings account that pays 5% interest per year. At the end of the year, you’ll have $105. […]

Posted on February 17, 2024 Author admin Comment(0)

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