The concept of compound interest refers to:
A. earning interest on the original investment.
B. payment of interest on previously earned interest.
C. investing for a multi-year period of time.
D. determining the APR of the investment.
Answer:B
The concept of compound interest refers to:
A. earning interest on the original investment. B. payment of interest on previously earned interest. C. investing for a multi-year period of time. D. determining the APR of the investment.