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The text discusses compounding which is when interest earned on the investment in the first period is added to the investment then during the second

The text discusses compounding which is when interest earned on the investment in the first period is added to the investment then during the second period interest is earned on the new sum.When considering either a strategic plan or a financial plan, do you need to consider this concept?Why could it be helpful? How does this impact interest paid or interest earned?

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