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Simple Interest Formula
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1:48
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IG UK
Does compound interest actually work? Our analyst reacts to Gary Stevenson
Gary Stevenson says compound interest doesn't work and most people are just saving up to survive retirement. Our analyst has a strong counter argument and it starts with a Junior ISA, a 5% average return and the maths behind building a £1 million pot by 65. This is for illustrative purposes only — returns are not guaranteed and individual ...
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