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The basic formula for Compound Interest is: FV = PV (1+r) n Finds the Future Value, where: FV = Future Value, PV = Present Value, r = Interest Rate (as a decimal value), and n = Number of Periods And by rearranging that formula

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A compound event is an event that includes two or more simple events. Simple events are events that can have only one outcome, while compound events can have multiple different

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Definition of Compounding more Calculating interest on both the amount borrowed plus previous interest. To calculate: work out the interest for the first period, add it to the total, and