Multiple Choice
The amount earned on a deposit becomes part of the principal at the end of a period and can earn a return in future periods is called
A) discount interest.
B) compound interest.
C) primary interest.
D) future value.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The Rule of 72 is an estimate
Q2: The present value of an annuity of
Q3: Suppose you have a choice of two
Q4: The return provided by a $100 annuity
Q6: The present value of an annuity of
Q7: The future value of a $100 annuity
Q8: Which of the following statements is most
Q9: Simple interest is interest earned on the
Q10: As the interest rate increases, present value
Q11: A famous athlete is awarded a $9