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Simple versus Compound Interest


	Compound interest compared to simple interest at various rates, terms, and compounding periods.


	Contributed by: Jason Cawley
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Screenshot 1: Frequent compounding at a high interest rate.

Screenshot 2: Less frequent compounding at the same rate reaches a lower total.

Screenshot 3: Less frequent compounding at the same rate reaches a lower total.

Screenshot 4: Compound interest is vastly higher than simple after a long period.

Screenshot 5: Monthly vs. annual compounding raises the previous total by 20%.

Contributed by: Jason Cawley

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