The Process of Earning Interest on Accumulated Interest or Paying

question 95

Multiple Choice

The process of earning interest on accumulated interest or paying interest on accumulated interest due is called

• A) simple interest.
• B) compounding.
• C) future value.
• D) present value.

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Definitions:

Sensory Memory

The shortest-term element of memory, it allows the ability to retain impressions of sensory information after the original stimuli have ended.

Short-Term Memory

The capacity for holding, but not manipulating, a small amount of information in the mind in an active, readily available state for a short period of time.

Explicit Memory

Memory that involves conscious recollection of previous experiences and information.

Implicit Memory

A memory variant that permits the performance of tasks unaware of prior experiences that contribute to these actions.