Published on Financial Calculators for Quontic Bank (https://fintactix.com/quonticbank)

Home > The Benefits of Compounding

The Benefits of Compounding [1]

Compound interest occurs when interest is added to the principal and when the interest that has also been added earns interest. You can potentially see your account balance grow quickly with accounts that pay interest more frequently.


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[1] https://fintactix.com/quonticbank/tools/savings/s02