Question: Compound interest method refers to? Explain why. A) Interest is calculated only on the original principle B. Interest is calculated on a dollar received today
Compound interest method refers to? Explain why.
A) Interest is calculated only on the original principle
B. Interest is calculated on a dollar received today
C. Interest is calculated on both the original principle and on all interest accumulated since the beginning of interest period.
D. All of the Above
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
