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Concept of Compound Interest

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The concept of compound interest refers to?

The concept of compound interest refers to:

A) earning interest on the original investment.
B) payment of interest on previously earned interest.
C) investing for a multi-year period of time.
D) determining the APR of the investment.

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This solution helps explore the concept of compound interest.

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B) The payment of interest on previously earned interest.

When cash is invested at compound interest, each interest ...

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