Outrageously Funny Word Dictionary :: Recompounded

👉 Recompounded is a term used in finance to describe an investment where interest on principal and any additional amounts paid back are calculated based on the original amount invested. This method of calculating interest is known as a "recompense." In other words, if you invest $100 at 8% interest for 3 years, with your first payment being $25 due in 6 months, and then an additional $75 due within another 6 months, the total amount you

recompounded