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Interest paid on both the principal and the interest accumulated on the principal is called?
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∙ 14y ago
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What do people pay to borrow money?
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
What is the addition of interest added to the principal in a retirement account over time called?
compunding
How can bank afford to pay interest on your saving?
Basically, it is about the savings-investment process. The accumulated fund from individual savers are used by the bank on their other financial services which is called loan. In essence, they generate interest from loan and they pay interest on individuals' savings.
What is A process where interest is paid on interest?
it's called compound interest
When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called?
compoind interest
Interest calculated not only on the original principle but also on the interest already accumulated is called?
The answer is compound interest
What do people pay to borrow money?
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
What is an amount of money earned on a principal called?
The amount of money earned on a principal called is interest
The action of adding accrued interest to the principal balance is called?
capitalization. Capitalization is when all unpaid interest is added to the principal balance of your loan. Capitalization increases your total amount to be repaid because you will then have to pay interest on the increased principal amount.
When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called Answer discount interest compound interest primary interest?
If the interest is reinvested and so itself gains interest (in the next interest period) it is compound interest.
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
What addition of interest added to the principal in a retirement account over time is called what?
compunding
What is the addition of interest added to the principal in a retirement account over time is called?
compunding
What is the addition of interest added to the principal in a retirement account over time called?
compunding
How can bank afford to pay interest on your saving?
Basically, it is about the savings-investment process. The accumulated fund from individual savers are used by the bank on their other financial services which is called loan. In essence, they generate interest from loan and they pay interest on individuals' savings.
What is earning interest on interest called?
Compound interest
What is charges made for using another money?
The charge for illegally using other people's money is embezzlement. It refers to the theft or misappropriation of funds placed in one's trust.
