The Term Interest-On-Interest Refers To

question 254

Multiple Choice

The term interest-on-interest refers to:

• A) The payment of interest more than once per year.
• B) The interest earned on previous interest earnings which were reinvested.
• C) Earning interest on an investment for a period greater than one year.
• D) Earning interest only on the principal amount invested.
• E) The process of accumulating interest on an investment over time to earn more interest.

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