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# what is accumulated interest?

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- KathrynLv 61 decade agoFavourite answer
It depends on the context, but the term is often used in offers such as "no payments and no interest for one year." If you pay the entire amount before the year is up, you owe no interest, but if you don't, you'll owe "accumulated interest" for the entire year. In other words, at a 20% interest rate, a $1,000 purchase will cost you $1,000 if paid within 365 days, and $1,200 if paid in 366 days.

- Anonymous6 years ago
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what is accumulated interest?

Source(s): accumulated interest: https://biturl.im/oeIbt - 1 decade ago
1) Accumulated interest, is a daily interest calculate on loan or deposit over a selectable period.

2) To figure out how much interest you'll earn on your investments.

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