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The power becomes greater the longer you keep your money and the interest in the bank.
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A simple interest calculation provides a useful estimste of what compound interest will b if?
A simple interest calculation provides a useful estimate of what compound interest will be if it is valued. This is taught in math.
Where can one find a compound interest calculator?
One can find a bunch of compound interest calculators online. Some of the sites that one can use are called, moneychimp, mathisfun and thecalculatorsite.
Is H1.9O1.9 a formula of a compound?
No. A true compound formula uses whole numbers.
How many variables are fundamental to all compound interest problems?
4, the answer is 4.
Is this statement true or false that apatite can scratch calcite?
Yes.Apatite - Ca5(PO4)3OH - has a Mohs hardness of 5.Calcite - CaCO3 - has a Mohs hardness of 5.
Can compound interest be described as interest earned on principle along with accumulated interest?
true
Would the statement 'Simple Interest is interest earned on interest' be True or False?
False. Interest upon interest is compounded interest
What is true of compound interest?
The power becomes greater the longer you keep your money and the interest in the bank.
When a compound is created it can be broken down into its original parts. true or false?
The statement is true, if by "original parts" the questioner means "original elements"; this is part of the definition of a compound.
Are the amortization of discounts or premiums recorded as part of interest income on the income statement?
True
What statement about municipal bonds is not true?
For each bond, there is a variable amount of interest that is paid to the purchaser.
Which statement is TRUE in regards to a policy loan?
Past-due interest payments not paid after 3 months will void the policy
Which type of interest is calculated by adding the interest earned to the principal?
compound... yes it is compound interest.
What are the major differences between compound interest loan and simple interest loan?
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
Is the interest accrued on a student loan simple or compound interest?
its compound interest
What are some of the uses of compound interest in business?
compound interest increases interest more than simple interest
