Interest Earned on Funds Compounds Because in Future Years, Interest

question 51

Multiple Choice

Interest earned on funds compounds because in future years, interest is earned on _______.

• A)future values
• B)interest received in previous years only
• C)the principal and interest received in previous years only
• D)principal only

---

Definitions:

Lichen

Symbiotic organisms composed of a fungus and a photosynthetic partner (usually an alga or cyanobacterium) that live together and function as a single ecological unit.

Benefit From Each Other

A situation or relationship in which all parties involved gain advantages or positives from their association or interaction.

Plant Parasites

Organisms that derive nutrients at the expense of plants, often causing harm to their plant hosts.

Armillaria

A genus of parasitic fungi known to cause root rot in plants, some species of which are bioluminescent.