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What is a money market mutual fund? and how does compounding works?
Yes. You will continue receiving interest in your interest . The interest will continue earning as long as it’s invested
Yes. You will continue receiving interest in your interest . The interest will continue earning as long as it’s invested
See lessWhat is a money market mutual fund? and how does compounding works?
That is the work of compounding. If you get 30000 as your Q1 dividend and you did not withdraw it but instead reinvested it to the capital, that 30000 will start bring interst for you also . So, your interest for the Q2 will be interest on your capital and the 30000 you gain from Q1 and the interestRead more
That is the work of compounding. If you get 30000 as your Q1 dividend and you did not withdraw it but instead reinvested it to the capital, that 30000 will start bring interst for you also . So, your interest for the Q2 will be interest on your capital and the 30000 you gain from Q1 and the interest which will be remitted to you will be more than 30000 for Q2 because your interest have started working for you also
See lessWhat is a money market mutual fund? and how does compounding works?
Money market mutual funds is type of investment where your money is put in low risk financial instruments for a short period of time like treasury bills, commercial papers and you earned interst from your investment daily. The interest is paid daily, monthly, quarterly, yearly. compounding is when yRead more
Money market mutual funds is type of investment where your money is put in low risk financial instruments for a short period of time like treasury bills, commercial papers and you earned interst from your investment daily. The interest is paid daily, monthly, quarterly, yearly.
compounding is when your interest start earning interst. That is, when the money you earned from your investment start giving you money also
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