You Want to Tell Your Friend a Story,but Your Only

question 28

Essay

You want to tell your friend a story,but your only form of communication is text messaging.Because of this,the number of characters (letters,numbers,symbols,or spaces)you can use to tell your story are severely limited.Based on what you have learned about reading comprehension,how might you be able to convey your message in a condensed form and still allow your friend understand it?

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Definitions:

Compounded Quarterly

The process of calculating interest on an initial investment where the interest is reinvested and additional interest is earned on interest, done four times a year.

Compounded Monthly

Compounded monthly refers to the process where interest is added to the principal sum of a loan or deposit so that the added interest also earns interest from then on.

Compounded Monthly

A method where interest is added to the principal every month, allowing the interest to earn interest in subsequent months.

Compounded Semi-Annually

The process of calculating interest where the interest is added to the principal sum of a loan or deposit twice a year.