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What is another word for compound interest?

Pronunciation: [kˈɒmpa͡ʊnd ˈɪntɹəst] (IPA)

Compound interest is a financial concept that refers to the interest earned on both the principal amount and the accumulated interest of an investment. Some synonyms for compound interest include: accrued interest, compounded returns, cumulative interest, interest on interest, and reinvested interest. These terms are used interchangeably in finance to describe the same concept. Compound interest is an important feature of long-term investments such as retirement saving plans and mutual funds because it allows for the gradual growth of funds over time. Understanding compound interest and its synonyms is crucial for anyone looking to harness the power of investing to achieve their financial goals.
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Synonyms for Compound interest:

What are the hypernyms for Compound interest?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Compound interest?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

  • hyponyms for compound interest (as nouns)

Famous quotes with Compound interest

  • The drafts which true genius draws upon posterity, although they may not always be honored so soon as they are due, are sure to be paid with compound interest in the end.
    Charles Caleb Colton
  • The more we progress the more we tend to progress. We advance not in arithmetical but in geometrical progression. We draw compound interest on the whole capital of knowledge and virtue which has been accumulated since the dawning of time.Ten years now go further than a thousand then, not so much on account of our finer intellects as because the light we have shows us the way to more.Now we walk briskly towards our unknown goal.
    Arthur Conan Doyle
  • See how involved it gets? Clover, bees, nitrogen, escape speed, power, plant-animal balance, gas laws, compound interest laws, meteorology—a mathematical ecologist has to think of and think of it ahead of time. Ecology is explosive; what seems like a minor and harmless invasion can change the whole balance.
    Robert A. Heinlein

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