What Is Compounding of Interest

question 51

Multiple Choice

What is compounding of interest?

• A)The initial deposit
• B)Money in a savings account
• C)Interest found in a savings account
• D)Interest on interest added to an initial deposit

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Definitions:

Stereotyping

The act of generalizing a set of characteristics to all members of a group, often leading to oversimplified perceptions or judgments.

Prejudice

A preconceived opinion or judgment, often negative, towards an individual or group without proper knowledge or examination.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Self-fulfilling Prophecy

A belief or expectation that influences actions in a way that causes the belief to become true.