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See below the calculations table and time series chart.
Compound interest means that the interest you earn each year is added to your principal, so that the balance doesn't merely grow, it grows at an increasing rate. Click here to read more about interest rates.
Compound interest means that the interest you earn in each compounding period is added to your principal, so that the balance doesn't merely grow, it grows at an increasing rate.
If you want to calculate the compound interest only, you should use this formula:
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