Question: Why is compound interest more advantageous than simple interest? Compound interest allows you to earn interest not only on the amount you have saved, but

Why is compound interest more advantageous than simple interest?
Compound interest allows you to earn interest not only on the amount you have saved, but also on the interest you've already earned.
Compound interest has lower fees than simple interest.
Compound interest means you have a fund manager who is compounding your returns without charging a fee.
Compound interest is harder to calculate, so those who use it earn higher profits for their efforts.

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