Compound Interest Is Interest That Is Applied a Number of Times

question 87

True/False

Compound interest is interest that is applied a number of times during the term of a loan or investment; interest paid on the principal and previously earned interest.​

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Definitions:

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Tax Imposed

A compulsory financial charge or levy placed by a governmental organization on individuals, entities, or transactions.

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A large, round, citrus fruit with a more bitter taste than oranges, often segmented and used in cooking or eaten fresh.

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