Multiple Choice
The process of determining the value to which an amount or a series of cash flows will grow in the future when interest on interest is applied is known as _____.
A) discounting
B) compounding
C) amortization
D) consolidation
E) annualizing
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q26: Ibiza Corporation invested $20,000 for the last
Q27: The present value of an investment increases
Q28: Mira has saved $25,000 over the years
Q29: Glen wants to take a holiday that
Q30: Ordinary annuity is an annuity with payments
Q32: Lisa's opportunity cost rate is 10 percent
Q33: The effective annual rate of an investment
Q34: An annuity with payments that occur at
Q35: In most instances, the payment of utility
Q36: LeGo Financials offer two investment plans. Investment