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What is true of compound interest?
The power becomes greater the longer you keep your money and the interest in the bank.
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.
What are some of the uses of compound interest in business?
compound interest increases interest more than simple interest
Interest earned on interest is known as?
Compound Interest
Is the annual interest rate the same as simple interest?
Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
Can compound interest be described as interest earned on principle along with accumulated interest?
true
What is the difference between and and or in a compound inequality?
The word "and" means both statements must be true. The word "or" means that at least one of the statements must be true.
What is true of compound interest?
The power becomes greater the longer you keep your money and the interest in the bank.
Which statements about installment loans is not true?
Installment loans are loans on which the interest is paid first and the borrower receives the proceeds A+
Can compound statements be used in place of simple statements?
Yes.
Which type of interest is calculated by adding the interest earned to the principal?
compound... yes it is compound 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.
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
Which of these statements about loan terms is true?
A longer term equals a lower monthly payment and a higher dollar amount of interest paid.
What is the difference between blocks and compound statements?
A compound statement is a single statement which combines the work of multiple individual statements. A block is a collection of individual statements. Block: ++i; x = i; Compound statement: x = ++i;
Is the interest accrued on a student loan simple or compound interest?
its compound interest
What is a conjunction statement?
A conjunction statement is a compound statement formed by combining two or more simpler statements using the word "and". It is true only if all the individual statements that make it up are true. For example, the conjunction statement "It is sunny and warm" would be true only if both the statements "It is sunny" and "It is warm" are true.
