Question: The idea behind Blank _ _ _ _ _ _ is that interest is earned on interest. Multiple choice question. simplification rebounding reinsurance compounding Multiple

The idea behind Blank______ is that interest is earned on interest.
Multiple choice question.
simplification
rebounding
reinsurance
compounding
Multiple choice question.
FV = PV(1+r)t
FV = PV (1+ r)t
FV = PV r t
FV = PV (1+ r)

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