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How Does Compound Interest Work?
Abstract: Some investments pay interest not just on the principal, but also on the interest over time. The Rule of 72 is an easy calculation to estimate how long it will take to double your money with compound interest.
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https://www.stlouisfed.org/open-vault/2018/september/how-compound-interest-works
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https://fraser.stlouisfed.org/title/open-vault-9398/compound-interest-work-688008
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Provider: Federal Reserve Bank of St. Louis
Publication Date: 2018-09-12