balance in someone's account means compound interest or simple interest?
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╚══════════════════╝.
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It essentially means that your money will grow exponentially over time rather than linearly, which it would if you were earning simple interest. ... Forcompound interest, the interest is paid into the account monthly and theinterest is earned on the monthlybalance in subsequent months.
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╚══════════════════╝.
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THIS BEST APP IN THE WORLD
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✴ NICE TOPIC BY THE WAY ✴
It essentially means that your money will grow exponentially over time rather than linearly, which it would if you were earning simple interest. ... Forcompound interest, the interest is paid into the account monthly and theinterest is earned on the monthlybalance in subsequent months.
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