The accumulation of interest over time is called
A)an annuity.
B)an ordinary annuity.
C)compounding.
D)present value.

Question

Quizplus · Accepted Answer

The accumulation of interest over time is called compounding. An annuity refers to a set amount of payments made at regular intervals, while present value refers to the current value of future payments. Ordinary annuity specifically refers to payments made at the end of each period.

The Accumulation of Interest Over Time Is Called