When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called:
A) Discount interest
B) Compound interest
C) Primary interest
D) Future value
B
Business
You might also like to view...
Unlike a summary, a paraphrase
A) restates the original material in your own words and with your own sentence structures. B) presents the gist of the original material in fewer words. C) does not require complete documentation of sources. D) is never acceptable in business documents. E) is more difficult to understand.
Business
What is PDM? Why is it useful?
What will be an ideal response?
Business