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Does sinking fund makes money grow by adding interest to previous interest earned?

Emmanuel Kimutai ∙

Lvl 2

∙ 3y ago

Updated: 10/26/2021

A sinking fund makes money grow over time by adding interest to previous interest earned. ... The rate of return matters when it comes to compound interest.

bluebirdfame ∙

Lvl 4

∙ 3y ago

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Related Questions

Type of interest is calculated by adding the interest earned to the principle?

Compound interest

This type of interest is calculated by adding the interest earned to the principal.?

compound

Which type of interest is calculated by adding the interest earned to the principal?

compound... yes it is compound interest.

What type of interest is calculated by adding the interest earned to the principal during specific and agreed intervals?

Compound

What is the value of compound interest?

Compound interest increases the amount earned by adding credited interest to the principal, and interest will then be earned on that money as well. The longer the principal and interest remain in the account, the greater the earnings they will accrue.

Which type of interest is calculated by adding the interest earned to the principal during specific and agreed upon intervals?

comopound

What type of interest is calculated by adding the interest earned to the principal during specific and agreed upon intervals?

Compound

The accumulation of funds over time where previous interest earned remains in the account to earn additional interest is called?

compounding interest.... i think

Why does compound interest earn more than simple interest?

With compound interest, in the second and subsequent periods, you are earning interest on the interest earned in previous periods. If you withdraw the interest earned at the end of every period, the two schemes will earn the same amount.

What makes the simple interest simple?

It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.

What is the formula for times interest earned ratio?

Times Interest Earned = Operating Income/ Interest Expense.

Interest earned on interest is known as?

Compound Interest

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