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FIGURE 13- 1

question 68

Multiple Choice

FIGURE 13- 1 FIGURE 13- 1 -Refer to Figure 13- 1.Which point shows that 20% of families earn almost 40% of total income? A) A B) B C) C D) D E) E
-Refer to Figure 13- 1.Which point shows that 20% of families earn almost 40% of total income?

Definitions:

Pay Off

To complete the payment of a debt, thereby fulfilling a financial obligation.

Compounded Semi-Annually

Interest on a loan or investment calculated twice a year on the initial principal and previously earned interest.

Amortized

The process of paying off debt through regular payments over a period, which includes both principal and interest.

Compounded Monthly

The frequent calculation and addition of interest to an investment or debt balance each month.