yofavdanceiyanaandar yofavdanceiyanaandar

11-05-2020
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How do simple interest and compound interest affect your saving

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junbeckham123 junbeckham123

11-05-2020

Answer:

Investment interest increases your savings, but loan interest increases your debt. Simple and compound interest allow your money to work for you by earning additional income. ... However, if you borrowed money for an investment, the interest on the loan works against you in the same way.

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