Simple Interest and Compound Interest: Understand the DifferenceSimple Interest and Compound Interest: Understand the Difference

What is the difference between simple interest and compound interest? A recent survey by the National Association of Finance, Administration and Accounting showed that 99.5% of Brazilians do not know the concept of compound interest. Let’s see: simple interest is calculated based on the initial capital and compound interest is calculated on the current value […]

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