Jamie earned $14 in interest on her savings account last year. She has decided to leave the $14 in her account so that she can earn interest on the $14 this year. The interest earned on last year's interest earnings is called:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jamie earned $14 in interest on her savings account last year. She has decided to leave the $14 in her account so that she can earn ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
To save money, paul, the owner of a struggling business that supplies fresh produce to restaurants, has been considering reducing the amount of produce in some cases delivered to busy restaurants, knowing the customers will probably not notice the
Answers (2)
When economists say that money serves as a medium of exchange, they mean that it is a. a way to keep wealth in a readily spendable form for future use. b. a means of payment. c.
Answers (1)
Peter Lynchpin wants to sell you an investment contract that pays equal $22,500 amounts at the end of each of the next 20 years. If you require an effective annual return of 8 percent on this investment, how much will you pay for the contract today?
Answers (1)
Name3 Parts of a sewing machine
Answers (2)
Directive leadership is a leadership style in which leaders set challenging goals, have high expectations of employees, and display confidence that employees will assume responsibility and put forth extraordinary effort. a. true b. false
Answers (1)
New Questions in Business
Individuals with access authority to general ledger accounts should not prepare journal vouchers. True or False?
Answers (1)
Dominic works as a violinist at an Italian restaurant. He makes $8.50 per hour. He was able to work 35 hours last week. How much money did he make that week?
Answers (1)
Daw company's december 31 year-end unadjusted trial balance shows a $10,000 balance in notes receivable. this balance is from one 6% note dated december 1, with a period of 45 days. assume daw company does not prepare reversing entries.
Answers (1)
You are the ceo of sugar land light & power. in reading the wall street journal, you notice the editors have forecasted an unstable and unpredictable environment for the utility industry for the next 10 years. you also suspect a lot of change.
Answers (1)
Paul's Landscaping purchased $500 of office supplies on credit. The company's policy is to initially record prepaid and unearned items in balance sheet accounts.
Answers (1)