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Annual means compounded once a year. (Points : 2) True False
Annual means compounded once a year. TRUE.
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Asked 10/6/2012 11:57:30 AM
Updated 2/20/2016 2:25:28 AM
1 Answer/Comment
Edited by Andrew. [2/20/2016 2:25:17 AM]
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Annual means compounded once a year. TRUE.
Added 2/20/2016 2:25:28 AM
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Compounding: Calculates interest periodically Looks into present when the future is known Is done only on an annual basis Results in less interest than simple interest None of these
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Updated 7/22/2016 4:34:23 PM
1 Answer/Comment
Compounding calculates interest periodically.
Added 7/21/2016 11:46:16 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [7/22/2016 4:34:22 PM]
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