Author Question: When money earns interest on interest, it is said to be compounding. (Read 127 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539

When money earns interest on interest, it is said to be compounding.


◦ true
◦ false


Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359

Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

fnuegbu

  • Hero Member
  • *****
  • Posts: 539

Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
Always glad to help...



 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

For a complete list of videos, visit our video library