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In 500 words or more, discuss the power and importance of compounding interest. Provide real-life examples...

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Finance

In 500 words or more, discuss the power and importance ofcompounding interest. Provide real-life examples of compoundinginterest applications.

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Compounding happens when the interestdividend you receive on your investment is reinvested at the same rate The following are two examples 1 If you have 1000000 in a fixed deposit    See Answer
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In 500 words or more, discuss the power and importance ofcompounding interest. Provide real-life examples of compoundinginterest applications.

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