Multiple Choice
The term interest-on-interest refers to:
A) The payment of interest more than once per year.
B) The interest earned on previous interest earnings which were reinvested.
C) Earning interest on an investment for a period greater than one year.
D) Earning interest only on the principal amount invested.
E) The process of accumulating interest on an investment over time to earn more interest.
Correct Answer:
Verified
Correct Answer:
Verified
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