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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