What is the compounding of interest?
A) The initial deposit
B) Money in a savings account
C) Interest found in a savings account
D) Interest on interest added to an initial deposit
Correct Answer:
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A)
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Q29: Which best describes compound interest?
A)Interest is added
Q34: All of the following are related to
Q35: What is (1+ r/n)n -1?
A)Future value (FV)
B)Annual
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