Ask Question
BusinessBusiness
7 May, 07:00

If you want to take advantage of compound interest, what should you do when an investment produces interest?

a. Use the interest to pay your bills.

b. Reinvest the interest.

c. Put the interest in a savings account.

d. Put the interest in a checking account.

+4
Answers (1)
  1. 7 May, 07:12
    0
    B reinvest your interest is the best choice but if saving accounts give you a better interest than other reinvestment because investments are riskier then its a safer option but in this case B is the best answer
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If you want to take advantage of compound interest, what should you do when an investment produces interest? a. Use the interest to pay ...” 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
Gross national product gnp would include Select one: a. Final goods and services produced by American resources b. Final goods and services produced in other countries by US firms c.
Answers (1)
A problem at work must be handled the same way as a personal conflict.
Answers (1)
What are possible problems that can happen when karst aquifers are refilling during storms?
Answers (1)
In a single writing, a painter contracted with a farmer to paint three identical barns on her rural estate for $2,000 each. the contract provided for the farmer's payment of $6,000 upon the painter's completion of the work on all three barns.
Answers (1)
A restrictive endorsement on a check
Answers (2)
New Questions in Business
If you purchased a camera in Britain for 100 pounds what would be the price in U. S. dollars if one pound is worth 1.40? A:71 B:100 C:140 D:1400
Answers (1)
Gontier corporation stock currently sells for $64.18 per share. the market requires a return of 12 percent on the firm's stock. required: if the company maintains a constant 5.
Answers (1)
If someone asked you, "Why should I bother worrying about my credit score?" what would you say?
Answers (1)
Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship between managerial achievement and attitudes toward subordinates.
Answers (1)
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.
Answers (1)
Home » Business » If you want to take advantage of compound interest, what should you do when an investment produces interest? a. Use the interest to pay your bills. b. Reinvest the interest. c. Put the interest in a savings account. d.
Sign Up Forgot Password?