« previous next »

Author Question: When money earns interest on interest, it is said to be compounding. (Read 88 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Apr 12, 2019

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


◦ true
◦ false
Personal Finance ¦ Madura ¦ 6th Edition
Buy Test-Bank


Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Apr 12, 2019
true


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Apr 12, 2019
Thank you!


Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
Reply #3 on: Apr 12, 2019
Always glad to help...


« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Students and Money Students and Money
Growing Interest in Sugar-Free Foods and Beverages Growing Interest in Sugar-Free Foods and Beverages
What principal will earn $77.14 interest at 6.65% p. What principal will earn $77.14 interest at 6.65% p.
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Determine m​, ​n, and i for money invested at 3.6​% compounded semi-annually for 3.5 ... Determine m​, ​n, and i for money invested at 3.6​% compounded semi-annually for 3.5 ...
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library