Why is compound interest preferable to simple interest?
Compound interest pays at least double the interest on the principal during each month.
Compound interest is paid by the week or by the month, not only once during a year.
Compound interest is based on the entire principal, not just a percentage of the principal.
Compound interest pays interest on the principal and the interest earned in each period.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why is compound interest preferable to simple interest? Compound interest pays at least double the interest on the principal during each ...” in 📗 History 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
True or False: The reform movements that emerged in the United States during the first half of the nineteenth century were uniquely American inventions.
Answers (2)
In document A, what view does Andrew Carnegie take toward organized labor?
Answers (1)
The French forged an alliance with the against the English. A) Italians B) Germans C) Ottomans D) Scots
Answers (2)
What event led to the siege of Yorktown
Answers (2)
Did hoover handle the bonus army march well?
Answers (1)
New Questions in History
An economist who focused on ancient societies would most likely study?
Answers (1)
The idea that all political power rest with the people is a guiding principle in the u. s. Constitution. what is this principle known as?
Answers (1)
What economic, political, and social changes resulted from the rise of cities in china?
Answers (1)
Which of the following is true concerning pastoralism? a. It occurs in small areas of land with high yields. b. It occurs in forests and grasslands. c. It is a modern agricultural technique. d. It revolves around herding livestock.
Answers (1)
Describe why the party chooses to torture political prisoners rather than just kill them
Answers (1)