Multiple Choice
Interest earned on both the initial principal and the reinvested interest from prior periods is called:
A) compound interest
B) simple interest
C) complex interest
D) dual interest
E) interest on interest
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Computing the present value of a future
Q10: You expect to receive $12,000 at graduation
Q27: If you invest $5000 now,and your investment
Q27: Lisa has $1,000 in cash today.Which one
Q29: Over time,the future value of $1000 invested
Q32: Thirteen years ago,you deposited $2400 into a
Q34: You have $50 000 now to invest.If
Q44: You want to invest an amount of
Q54: How long will it take to double
Q64: What is the future value of $4,900