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Chase received a magazine in the mail that he did not order.He was surprised,but read and enjoyed the magazine.A month later,another copy arrived,along with a bill for $25 to cover the subscription.Which of the following applies to this situation?
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.
Ending Balance
The total amount remaining in an account at the conclusion of a reporting period or after a specific transaction has been completed.
Compounded Annually
Refers to the process where the interest earned on an investment is added to the principal sum at the end of each year, then interest for the next period is calculated on the new principal.
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