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  • 03-12-2020
  • Mathematics
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is the amount that savings or investments grows called a principal

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Thawkins000
Thawkins000 Thawkins000
  • 03-12-2020
Principal is also the original amount of investment made in an asset, separate from any earnings or interest accrued. For example, assume you deposit $5,000 in an interest-bearing savings account. At the end of 10 years, your account balance will have grown to $6,500.
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