When the Amount Earned on a Deposit Has Become Part

question 116

Multiple Choice

When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called

• A)discount interest.
• B)compound interest.
• C)primary interest.
• D)future value.

---

Definitions:

U.S. Output

The total economic production of goods and services by the United States.

Proprietary Income

Income derived from the ownership of a business entity or patent.

General Sales Taxes

Taxes applied broadly on sales of goods and services, typically calculated as a percentage of the sale price.

Corporate Income Taxes

Taxes imposed on the net income of corporations.