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    Simple Interest Calculator

  • When you put your money into a savings account, a money market account or in a certificate of deposit account (CD), your principal deposit accumulates interest. That’s because by keeping your money in an interest-bearing account, this gives the bank or financial institution permission to use your money to lend to customers in need of a loan. Periodically, the bank pays part of the loan interest back into your account.

    Putting your money in an interest-baring account is a safe investment to grow your money over time.

    Calculate the simple interest on your savings and watch your money grow before your very eyes.

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