what is the recate compound
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Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. ... The simple annual interest rate is the interest amount per period, multiplied by the number of periods per year.
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Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. ... The simple annual interest rate is the interest amount per period, multiplied by the number of periods per year.
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