Multiple Choice
Interest earned on the reinvestment of previous interest payments is called _____________.
A) Free interest.
B) Annual interest.
C) Simple interest.
D) Interest on interest.
E) Compound interest.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q119: Today you earn a salary of $28,500.
Q231: Isabelle wants to invest $1,000. She wants
Q232: To create the same future value given
Q233: Ten years ago, Joe invested $5,000. Five
Q234: Tishie invests $3,000 today at a 9%
Q235: Provide a definition of time value of
Q237: The price of fuel has tripled over
Q239: On a financial calculator, the symbol "N"
Q240: The I.C. James Co. invested $10,000 six
Q241: Thirty years ago, your father invested $11,000.