answersLogoWhite

0

Compound interest can help investments grow faster over time because it allows for the reinvestment of earnings, leading to exponential growth. This can result in higher returns compared to simple interest, making it advantageous for long-term investments.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

What are the financial benefits of a fedelity municipal money market?

Investing in a fidelity municipal money market reaps many financial benefits. The longterm benefits greatly outweigh the short term costs as long as you are financially responsible about your decision.


Is longterm one word or two?

Hyphenate when used as compound adjectives: The team developed a long-term regional plan


Please outline your longterm goal and ambitions which may be of interest to organisation?

When you are asked to outline your long-term goal and ambitions which may be of interest to the organization, you need to highlight relevant matters. This has to be in line with the position that you are applying for or a position that you aim to attain in the company.


Are Jeeps the latest trend of late?

Jeeps like any cars don't exactly having a trending date since they a longterm investments and all canrs go out of date but if you see a lot out right now that might be because they are on sale.


What is the origin of melanoma?

It is cancer of the skin and it can come from longterm overexposure to the sun without sunscreen or people can get it from longterm use of tanning beds.


How do you cope with longterm unemployment?

find a job


What longterm stores energy in humans?

lipids


What longterm ideas are being overthrown?

The cause


What is endplate sclerosis?

what is the longterm affects of endplate sclerosis


The longterm consequnces of the crusades?

An increase in the power of popes..


What do economists mean by longterm?

answer- longer than a year


Is prolonged the same as longterm?

No, not really, but Prolonged is sort of a word to use when someone has a dragging illness or something. Good question. Something that is longterm is permanent but something that is prolonged will go on for a while and eventually stop. EX: the longterm effects of smoking are____. The Prolonged illness went on for 3 years but then it was cured.