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a group similar interests and different oppinion. expanding similar thoughts and also a community
What else can I help you with?
Would the statement 'Simple Interest is interest earned on interest' be True or False?
False. Interest upon interest is compounded interest
What is a simple interest in math?
Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately. Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan. The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.
What are the major differences between compound interest loan and simple interest loan?
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
Interest earned on interest is known as?
Compound Interest
Why should interest earned not be a factor with your emergency fund?
Interest earned on an emergency fund should not be a primary concern because the main purpose of this fund is to provide quick access to cash during unforeseen circumstances. The focus should be on liquidity and safety rather than maximizing returns. High-yield savings accounts or money market accounts can provide some interest while still ensuring easy access to funds. Ultimately, the priority is to have ready cash available when needed, rather than chasing the highest interest rate.
What is the purpose of interest groups and lobbyists?
The main purpose of Interest Groups is to attempt to influence politicians
What is the purpose of a follower?
Your purpose is to show your appreciation for the interview and to restate your interest in your job.
What is purpose of a club?
common interest or goal.
What is the purpose of a follow-up?
Your purpose is to show your appreciation for the interview and to restate your interest in your job.
What is the purpose of an interest group?
to influence government officials
What is the purpose of the special interest group?
Scotty don't no
What is the purpose of interest and how does it impact financial transactions?
The purpose of interest is to compensate lenders for the use of their money and to incentivize saving. Interest impacts financial transactions by influencing borrowing costs, investment decisions, and overall economic activity.
What is the purpose of consumer advocacy groups?
to promote the interest of consumer
Whose purpose is to influence government policies?
Interest Groups
What is the purpose of Bluetooth special interest group?
Scotty don't no
What is the purpose the bluetooth special interest group?
Scotty don't no
what is a group of people who join together for a common purpose or interest?
A clique
