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clkelyqld2
Posted: Fri 13:10, 11 Oct 2013
Post subject: tiffany A Penny Earned' Compounds Into Thousands
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It is this principle of compound return on one's investment that is at the very heart of the basic banking model. Most banks will in almost in all cases lend out money under a compound interest regime. In fact, this one process can clearly demonstrate the power of compound interest. Depending on the tenure and interest of the loan, one can eventually pay 2 or 3 times in the absence of in duplum legislation. Of course, the interest rates used by banks during lending are usually significantly higher than that used by the bank in paying interest on ordinary savings account. That is why it is recommended that you put the money into the often better paying time deposit especially where you do not intend to sue the money in the short term but may need to liquidate the time deposit in the medium and long-term deposits.
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