When an investment pays only simple interest, this means:
A. the interest rate is lower than on comparable investments.
B. the future value of the investment will be low.
C. the earned interest is non taxable to the investor.
D. interest is earned only on the original investment.
Answer:D
When an investment pays only simple interest, this means:
A. the interest rate is lower than on comparable investments. B. the future value of the investment will be low. C. the earned interest is non taxable to the investor. D. interest is earned only on the original investment.