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The Annual Interest Earned on an Amount Deposited into a Bank

question 28

True/False

The annual interest earned on an amount deposited into a bank account will increase each year when simple interest is used.

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders. The corporation itself can own assets, borrow money, sue or be sued.

Debt-To-Equity Ratio

It's a financial indicator that compares the proportions of debt and shareholders' equity in funding company assets.

Total Assets

The aggregate of current and fixed assets held by a corporation.

Total Liabilities

The total amount of financial obligations or debts that a company owes to external parties.

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