When You Return Something That Was Paid for by Credit

question 96

Short Answer

When you return something that was paid for by credit card, you prepare a(n) __________.

---

Definitions:

Compounded Monthly

The practice of adding interest to the principal sum of a loan or deposit, with this process occurring every month.

Quarterly Compounding

The process of generating earnings on an investment's reinvested earnings four times a year.

Annual Rate of Increase

The percentage by which a specific variable, such as salary or investment, grows each year.

Annual Compounding

Determining annual interest by taking into account both the initial amount invested and the interest it has generated in the past.