Compound interest. Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously-accumulated interest.
Guanches (also: Guanchis or Guanchetos) refer to the aboriginal Berber inhabitants of the Canary Islands. It is believed that they migrated to the archipelago around 1000 BC or perhaps earlier.
1 The guanaco, like the vicuÃ±a, is a wild lamoid that lives in small bands of females, usually led by a male. The guanaco ranges from the snow line to sea level throughout the Andes from Peru and Bolivia southward to Tierra del Fuego and other islands.