This topic contains a solution. Click here to go to the answer

Author Question: The primary difference between simple and compound interest is that (Read 58 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500

Question 1

The amount of money that would have to be invested today at a given interest rate over a specific period in order to equal a future amount is called
◦ future value.
◦ present value.
◦ future value interest factor.
◦ present value interest factor.

Question 2

The primary difference between simple and compound interest is that
◦ simple interest is only paid at the end of the investment period.
◦ compound interest entails receiving interest payments on previously earned interest.
◦ compound interest is paid up front and not when the investment matures.
◦ simple interest is not taxed by the federal government.
◦ simple interest earns a higher interest rate on reinvested interest than compound interest.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mrsjacobs44 on Apr 25, 2021

jackie

  • Sr. Member
  • ****
  • Posts: 324
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




mrsjacobs44

  • Member
  • Posts: 500
Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it


ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library