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Compound interest means that interest is calculated only on the principal amount.

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Compound interest means that interest is calculated only on the principal amount.

Compound interest means that interest is calculated only on the principal amount.
A) True
B) False

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 281 times

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7 years ago

Makes perfect sense, thx

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