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What is interest example – if you invest $5,000 in a savings account earning 4%, you receive $200 each year. example of compound interest: invest $1,000 at 5% compounded annually for 3 years → after 3 years you have $1,157.63. common examples include mortgages, student loans, savings accounts, corporate bonds. it also clarifies why paying extra principal can save future interest.
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