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Entries Tagged ‘compound interest’

Compound Interest Quote


“Those who understand compound interest are destined to collect it. Those who don’t are doomed to pay it.”-Unknown-

Answer to Investment Question


In my previous post I asked, which was the better investment option between a choice of £1,000,000 in 30 days or 1 pence now that doubles every second for the next 30 days.
The correct answer is option (b). This might come as a surprise to some because the option to receive £1,000,000 in 30 days [...]

  
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