History
History, 31.01.2020 11:03, icantspeakengles

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.

answer
Answers: 2

Other questions on the subject: History

image
History, 21.06.2019 15:30, xojade
Which statement best describes the underground railroad? a.) it is a train that took slaves from the south to the north. b.) it is a business that harriet tubman founded to slaves become free. c.) it is a secret route that slaves took to escape from southern slave states to the north. d.) it is a road that slave owners disliked using for travel.
Answers: 2
image
History, 21.06.2019 22:30, tadediwura
The delegates of the second continental congress who were ready to declare independence were from which area? a. new england b. the southern colonies c. quebec d. the middle colonies
Answers: 1
image
History, 22.06.2019 06:40, francescanajar5
In the united states, the government creates laws and regulations that business activities to prevent wrongdoing.
Answers: 2
image
History, 22.06.2019 09:30, jforeman42
This civil war battle took place in northwest georgia in september 1863, and, following over 30,000 casualties in just two days, resulted in a confederate victory.
Answers: 2
Do you know the correct answer?
Why is compound interest preferable to simple interest?

compound interest pays at least...

Questions in other subjects:

Konu
Social Studies, 07.03.2021 01:00
Konu
Geography, 07.03.2021 01:00