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Compound interest   /kˈɑmpaʊnd ˈɪntrəst/   Listen
Compound interest

noun
1.
Interest calculated on both the principal and the accrued interest.






WordNet 3.0 © 2010 Princeton University








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"Compound interest" Quotes from Famous Books



... hymns and portions of the Gospel for the enlightenment of the Indians. We wander into the school where a young teacher is explaining to his uneasy disciples the intricacies of Present Worth and Compound Interest. Idly we wonder to what use these bare-footed half-Cree urchins will ...
— The New North • Agnes Deans Cameron

... violated the Sherman law. The judge promptly fined me three thousand dollars, for which I immediately wrote a check, leaving me still the winner by some two million seven hundred thousand dollars on the deal, to say nothing of compound interest on the three thousand for the past two years. You see the beneficent effect of legislation, do ...
— Carmen Ariza • Charles Francis Stocking

... immediate influence on the man; the eventual effect on the race remains to be considered. Now, if the first result be anything, the second must in the end be everything. For however trifling it be in the individual instance, it goes on accumulating with each successive generation, like compound interest. The choosing of a wife by family suffrage is not simply an exponent of the impersonal state of things, it is a power toward bringing such a state of things about. A hermit seldom develops to his full possibilities, and the domestic variety is no exception to the rule. A man who is linked ...
— The Soul of the Far East • Percival Lowell

... another instance, still more illustrative of the knotted, trebly intertwisted villainy, accumulating at a sort of compound interest in a man-of-war. The cockswain of the Commodore's barge takes his crew apart, one by one, and cautiously sounds them as to their fidelity—not to the United States of America, but to himself. Three individuals, whom he deems doubtful—that ...
— White Jacket - or, the World on a Man-of-War • Herman Melville

... seeking to make a fortune," said Howard, quietly;—"my object is to secure something for my family in case of accident, and I only want to invest what I do not require for present use in a manner that will bring compound interest. I hope not to be obliged to take up the interest for many years, but to be adding it to the principal, with such sums as I may be able to spare from ...
— Rich Enough - a tale of the times • Hannah Farnham Sawyer Lee



Words linked to "Compound interest" :   interest



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