What is LawBrain?
It's a living legal community making laws accessible and interactive. Click Here to get Started »
It's a living legal community making laws accessible and interactive. Click Here to get Started »
Compound Interest
From lawbrain.com
Interest generated by the sum of the principal and any accrued interest.
Interest is normally compounded on a daily, quarterly, or yearly basis. The more often interest is compounded, the larger the principal will grow and the greater the interest the new principal will produce.
Contributors
