Math, asked by tuba8105, 4 months ago

What is the meaning of compounded annually

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Answered by komuraiahpaidipala

Answer:

Meaning of interest compounded annually in English

a method of calculating and adding interest to an investment or loan once a year, rather than for another period: If you borrow $100,000 at 5% interest compounded annually, after the first year you would owe $5,250 on a principal of $105,000.

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