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How Banks Calculate Savings Account Interest | Compound Interest Explained 💰 #shorts #finance
Ever wonder how your bank figures out the interest on your savings account? 💡 In this 35-second video, learn exactly how compound interest works so your money grows faster! 📊 Example: Deposit $10,000 at 5% annual rate, compounded monthly—you’ll earn about $512 in a year, not just $500, because interest builds on interest. 👉 ...
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