𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭: 𝐇𝐨𝐰 𝐈𝐭 𝐖𝐨𝐫𝐤𝐬.
-An OVERWOOD Thread.
#OVERWOOD
Compound interest simply means earning interest on interest, which multiplies your money at an accelerating rate.
Two factors will influence the rate at which your money compounds, and they are:
1. Interest rate.
Overwood offers daily, compounding interest rates of 9-15% per anuum.
#OVERWOOD
Daily interest is calculated based on principal + previously accrued interest.
#OVERWOOD
2. Time left to grow.
The more time you give your money to build upon itself, the more it compounds.
#OVERWOOD
Overwood offers daily, compounding interest rates of 9-15% per anuum.
#OVERWOOD
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