Multiple Choice
Interest earned on both the initial principal and the interest reinvested from prior periods is called:
A) free interest.
B) dual interest.
C) simple interest.
D) interest on interest.
E) compound interest.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: In 1895,the winner of a competition was
Q7: Travis invested $9,250 in an account that
Q8: You want to have $1 million in
Q9: You are considering two lottery payment options:<br>
Q11: Ten years ago,Jackson Supply set aside $130,000
Q12: Forty years ago,your mother invested $5,000.Today,that investment
Q13: On your ninth birthday,you received $300 which
Q14: You invested $1,400 in an account that
Q15: You collect old coins.Today,you have two coins
Q30: Terry is calculating the present value of