Question: Compound interest is defined as the interest earned: a. on both the initial principal and all interest earned and reinvested in prior periods. b. on

Compound interest is defined as the interest earned:

a. on both the initial principal and all interest earned and reinvested in prior periods.

b. on prior reinvested interest payments.

c. on the initial amount invested.

d. during a one-year period but paid in multiple payments. e. during any one-month period.

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