Author Question: When money earns interest on interest, it is said to be compounding. (Read 142 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?

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?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

For a complete list of videos, visit our video library