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Phrases with «monthly compounding»

"Monthly compounding" refers to the frequency at which interest or returns are calculated and added to an investment or loan. In this case, it means that the interest or returns on an investment or loan are calculated and added to the principal amount on a monthly basis. Full definition

Sentences with «monthly compounding»

  • Unfortunately, it is not a simple calculation because some credit card companies use average daily balances and have different daily or monthly compound interest calculation periods. (rewardexpert.com)
  • 1 Annual Percentage Yield is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365 - day period, and expressed as a percentage. (msufcu.org)
  • For example, if you are 25 years old and begin saving $ 50 per month until the age of retirement, it will produce $ 162,000 by the time most people retire at 65 years old, assuming an average monthly compounded return on investment of eight percent. (cnbc.com)
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