Abstract
The difference between simple interest and compound interest—the subject of this chapter—is that compound interest generates interest on interest, whereas simple interest does not.
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© 2007 Springer Science+Business Media, LLC
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(2007). Compound Interest. In: Lovelock, D., Mendel, M., Larry Wright, A. (eds) An Introduction to the Mathematics of Money. Springer, New York, NY. https://doi.org/10.1007/978-0-387-68111-5_2
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DOI: https://doi.org/10.1007/978-0-387-68111-5_2
Publisher Name: Springer, New York, NY
Print ISBN: 978-0-387-34432-4
Online ISBN: 978-0-387-68111-5
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