This indicates that interest is calculated and applied daily to the investment account. The frequency of compounding affects the amount of interest earned.ĭaily-calculated compound daily interest is a variation of compound interest. Daily, monthly, quarterly, or annual calculations of compound interest are possible, depending on the terms of the investment. This article will examine daily compound interest and its calculation.Ĭompound interest is the interest earned on both the initial investment and the interest accrued over time. ![]() Daily interest calculation is a variation of compound interest known as compound daily interest. Compound interest is a potent financial concept that enables investors to earn interest not only on their initial investment but also on interest earned over time.
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