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WashSpeak: Compound Interest

With compound interest, the interest a person owes on money they borrow is added to the principal, and then all new interest is charged on top of that.It's a vi

With compound interest, the interest a person owes on money they borrow is added to the principal, and then all new interest is charged on top of that.

It's a vicious cycle of owing more and more, making it so much harder to balance the federal budget.

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