« previous next »

Author Question: When money earns interest on interest, it is said to be compounding. (Read 146 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 first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
How to calculate simple interest (Part 2) How to calculate simple interest (Part 2)
How to calculate simple interest (Part 3) How to calculate simple interest (Part 3)
How to calculate compound interest (Part 2) How to calculate compound interest (Part 2)
How to calculate present value using the compound interest formula (Question 1) How to calculate present value using the compound interest formula (Question 1)
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library