**Compound Interest - Periodic Compounding**
https://www.mathsisfun.com/money/compound-interest-periodic.html

Compound Interest: Periodic Compounding. You may like to read about Compound Interest first. You can skip straight down to Periodic Compounding.. Quick Explanation of Compound Interest. With Compound Interest, you work out the interest for the first period, add it to the total, and then calculate the interest for the next period, and so on ..., like this:

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