Interest earned on the reinvestment of previous interest payments is known as: A. compound interest B. Simple
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Question:
Interest earned on the reinvestment of previous interest payments is known as:
A. compound interest
B. Simple interest
C. interest on interest
D. both compound interest and interest on interest
An advantage of a corporate entity includes:
A. minimal organization requirements
B. minimal reporting requirements
C. easy to maintain control of a company's business affairs arising from the presence of other shareholders
D. easy to raise capital from the public via a share issue
You have been offered an investment that promises to double your money every 10 years. What is the approximate annual rate of return on the investment?
A. 7.0%
B. 7.1%
C. 7.2%
D. 8.0%
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: