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Helen Hoang
on Nov 08, 2024

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Interest earned on the reinvestment of previous interest payments is called _____ interest.

A) Free.
B) Annual.
C) Simple.
D) Interest on.
E) Intermediary.

Compound Interest

Interest calculated on both the original amount of money either loaned or deposited, as well as on the interest that has already been added to it from earlier periods.

Interest on Interest

The interest earned on the reinvestment of previous interest payments, often seen in compound interest scenarios.

  • Comprehend how the frequency of interest compounding affects the results of investments.
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EL
Elise LacoreNov 10, 2024
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