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Compound Interest
It is similar to simple interest, only that the interest charged or earned is being rolled over and reinvested with the principal amount.
Therefore, the principal amount constantly changes once an interest is added.
Compounding Frequency: Annually
Compounding per Year: 1
Compounding Frequency: Semi-annually
Compounding per Year: 2
Compounding Frequency: Quarterly
Compounding per Year: 4
Compounding Frequency: Monthly
Compounding per Year: 12
