How to Calculate Compound Interest in Excel: Explained in One Minute
If you want to stay out of debt and make more money, you need to understand compound interest. If you only pay the interest on a $200 loan with a five percent interest rate over twenty years, it will be the inverse of the above scenario: you will lose over three hundred and fifty dollars and still owe the original five hundred dollars. But if you invest two hundred dollars and average a five percent return over twenty years, you will make over three hundred and fifty dollars and still own the original five hundred dollars. Owe or own. It's your choice.
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