Multiple Choice
Christina invested $3,000 five years ago and earns 2 percent annual interest. By leaving her interest earnings in her account, she increases the amount of interest she earns each year. The way she is handling her interest income is referred to as:
A) simplifying.
B) compounding.
C) aggregating.
D) accumulating.
E) discounting.
Correct Answer:
Verified
Correct Answer:
Verified
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