[Answer] _________________ _______________ pays you interest on what you deposited and on your interest too!

Answer: compound interest

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_________________ _______________ pays you interest on what you deposited and on your interest too! pay you not only the money that you deposited but on your interest as well. at the end of the year instead of having $1 020 you ll have $1 020.15 compound interest ex: what happens to your money when your account earns compound interest 4 times a year at a rate of 2%? Most banks pay interest on the amount you first deposited and on the interest your deposit has earned over time. OK let’s say you put your savings in an interest earning account like a bank savings account. The amount of interest you’ll earn depends on three factors: The first factor is the interest rate. Mon Jun 24 2019 · The decision to pay interest depends on what you get in return and the decision to earn interest depends on the alternative options available for investing your money. What Is Interest ? Interest is calculated as a percentage of a loan (or deposit ) balance paid to the lender periodically for the privilege of using their money. Things You Must Do If You Want to Pay Off Your Student Loans Early This shouldn't strain your finances too much and it adds up to 26 half-payments or 13 full pa...

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