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Tag: Compound Interest

Pros and Cons of Compounding

Posted on October 6, 2022December 21, 2022 by admin

Pros and Cons of CompFounding Compounding has been referred to as the eighth wonder of the world or man’s greatest invention by Albert Einstein, but the miracle of compounding can also backfire for consumers with extremely high-interest loans, such as credit card debt, which bear very high interest rates. A credit card balance of $20,000…

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Simple Interest