COMPOUND INTEREST

interest that is paid upon the principal and upon the interest previously paid [on that principal]. Thus, interest already paid (or accrued) becomes part of the principal – for purposes of subsequent interest calculations.

Congratulations! You're now Froogled Up™ on what "Compound Interest" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,

www.FroogleMe.com

All-in-One

"Actuary"

user comments

thank you, come again!
Froogle 1.1.1.7

COMPOUND INTEREST

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