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Kimberly needs to pick out a color to repaint her restaurant. Since the restaurant is located in a dreary setting, she wants the interior of the restaurant to encourage activity and excitement. In this case, which of the following colors will best suit Kimberly's purpose?
Compounded Annually
The process where the interest earned on an investment is added to the principal sum at the end of each year, so that the interest in the next year is calculated on the principal plus previously accumulated interest.
Lump Sum
A large single payment made at a particular time, as opposed to multiple payments made over time.
Rate Of Return
The increase or decrease in value of an investment over a certain period, shown as a percent of the investment's original cost.
Compounded Annually
The process where the interest earned on an investment is reinvested, and future interest payments are calculated on the principal plus previously earned interest.
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