We Call the Process of Earning Interest on Both the Original

question 114

Multiple Choice

We call the process of earning interest on both the original deposit and on the earlier interest payments

• A) discounting.
• B) multiplying.
• C) compounding.
• D) computing.

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Definitions:

Delay of Gratification

The ability to resist the temptation for an immediate reward and wait for a later reward.

Food Rewards

Incentives, often edible, used to motivate or reinforce desired behavior in both humans and animals.

Demographic Statistics

Data that relates to the structure of populations, such as age, race, gender, income, and education.

Law School

An educational institution or part of an institution that offers professional training in legal studies, preparing students to become lawyers.