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06-27-2006, 07:52 AM
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Re: What to do with $1000
Oooooooooops! I meant $650. I never was very good at math...
 But I don't think the calculations on the compounded interest on the thread "people with $200,000" are correct. Compounded means you get get interest on the interest rather than simple interest where you get the same amount each month. The more frequently the interest is compounded (daily versus monthly) the more ya get as time goes by. Or something like that.  
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