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Earn +20 ptsQ: What is the purpose of compounding record?
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Continue Learning about Math & Arithmetic
What was the purpose of the Incan quipu?
to keep record
What is the synonym for multiplication?
compounding, repetition, reproduction, recurrence, repeating,
What is the process of earning interest on interest that you've already earned?
compounding
What is the effective rate for a nominal rate of 8 with semiannual compounding?
It is 8.16%
When does interest begins compounding in an ordinary annuity?
At the end of the second period
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