How does compounding increase debt

Reference no: EM13283823

How does compounding increase debt? Does it involve the compounding interest causing the debt to continue to rise or never seeming to go down if you only pay the minimum payments on the debt?

Reference no: EM13283823

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How does compounding increase debt : How does compounding increase debt? Does it involve the compounding interest causing the debt to continue to rise or never seeming to go down if you only pay the minimum payments on the debt?

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