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What is compound interest?
Question
Asked 3/28/2012 9:46:40 PM
Updated 6/17/2015 12:52:12 PM
2 Answers/Comments
This conversation has been flagged as incorrect.
Edited by yumdrea [6/17/2015 12:51:35 PM], Flagged by yumdrea [6/17/2015 12:51:42 PM]
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User: What is compound interest?

Weegy: The formula used to calculate compound interest is: M = P( 1 + i )n
onefastgirl|Points 460|

User: What is an analogy?

Question
Asked 3/28/2012 9:46:40 PM
Updated 6/17/2015 12:52:12 PM
2 Answers/Comments
This conversation has been flagged as incorrect.
Edited by yumdrea [6/17/2015 12:51:35 PM], Flagged by yumdrea [6/17/2015 12:51:42 PM]
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3

Compound interest is an interest which is calculated not only on the initial principal but also the accumulated interest of prior periods.

Added 6/17/2015 12:51:31 PM
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3

An analogy is a comparison in which an idea or a thing is compared to another thing that is quite different from it.

Added 6/17/2015 12:52:12 PM
This answer has been confirmed as correct and helpful.
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