0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is a deposit that gives a certain amount of interest in a specified amount of time?
time deposit
What is the interest rate on 4700 if you paid 23.50?
The interest rate is defined in the context of a period of time. You have not specified any time period.
Which type of interest is added to the principal at the end of the specified time frame?
both
How beneficial are CD interest rates?
What is beneficial about CD interest rates is that they are constant for the specified period of time. Sometimes interest rates can go up or down but CD interest rates would stay the same.
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
Which type of interest is figured on a specified time frame?
both
What type of interest is figured on a specific time frame?
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
This type of interest is figured on a specific time frame?
both
What type of interest is on a specific time frame?
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
How are time share undivided interest held?
They are held as a full interest for a specified period of time. For the times you use it, the interest is undivided.
What is a deposit that gives a certain amount of interest in a specified amount of time?
time deposit
What is the interest rate on 4700 if you paid 23.50?
The interest rate is defined in the context of a period of time. You have not specified any time period.
Which type of interest is added to the principal at the end of the specified time frame?
both
How can you compare simple and compound interest?
Simple interest is calculated one time @ a specified rate over a specific length of time. Compound interest is calculated multiple times @ a specified rated divided by the number of given periods within a specified time. example: $100 @ 10% interest over 1 year. Simple interest: principle x rate x time = interest; $100 x .10 x 1 = $10 example: $100 @ 10% interest compounded quarterly over 1 year. Compound interest: principle x {(1 + rate / #periods)n} = interest $100 x {(1 + .10 / 4 )^4} = $100 x (1 .025 )^4 = $100 x 1.1038 = $10.38
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.
How beneficial are CD interest rates?
What is beneficial about CD interest rates is that they are constant for the specified period of time. Sometimes interest rates can go up or down but CD interest rates would stay the same.
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
