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    Business
  3. Study Set
    Managerial Accounting for Undergraduates
  4. Exam
    Exam 15: Appendix: Accounting and the Time Value of Money
  5. Question
    When Interest Is Earned on Interest in a Savings Account
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When Interest Is Earned on Interest in a Savings Account

Question 10

Question 10

True/False

When interest is earned on interest in a savings account in a bank, this is called compound interest.

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