COMPOUND INTEREST Definition

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COMPOUND INTEREST is interest calculated from the total of original principal plus accrued interest.

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BOOKKEEPING is the recording of business transactions.

PROFIT BEFORE TAXES (PBT) is a profitability measure that looks at a companys profits before the company has to pay income tax. This measure deducts all expenses from revenue including interest expenses and operating expenses, but it leaves out the payment of tax.

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