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How does compound interest make your money work for you? It provides an interest deduction when you pay your loan off early. You earn interest

How does compound interest make your money "work for you"?

It provides an interest deduction when you pay your loan off early.

You earn interest on interest in addition to interest on principal.

It provides an interest deduction if you take out a loan for longer than one year.

It provides higher interest rates on larger loans with longer time horizons.

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