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A(n) ____ is a high-speed memory unit.
Interest on Interest
The interest earned on the reinvestment of previous interest payments, commonly associated with compounding interest.
Reinvestment
The process of using dividends, interest, or any form of return earnings to purchase additional shares or units instead of receiving the earnings in cash.
Compound Interest
This refers to the interest that is calculated on both the original principal amount and on the interest that has previously been added to that principal in past periods.
Initial Principal
The original sum of money borrowed in a loan or invested, before any interest or profit is added.
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