Asked by Charlene Pappas on Mar 10, 2024

Verified

Compound interest is computed on the principal and any interest earned that has not been paid or received.

Compound Interest

The interest computed on the principal and any interest earned that has not been paid or withdrawn.

Principal

The original sum of money borrowed in a loan, or the amount of the loan outstanding at any given time, excluding any interest.

- Comprehend the fundamentals of compound interest and the process of its computation.

Verified Answer

AR

ashley reiter

Mar 10, 2024

Final Answer :

True

Explanation :

This is the definition of compound interest, which means that the interest earned adds up to the original principal and is included in future interest calculations.

## Learning Objectives

- Comprehend the fundamentals of compound interest and the process of its computation.

## Related questions

When His Daughter Sarah Was Born, Will Kravitz Deposited $5,000 ...

Deborah Erickson Deposited $8,875 in a Credit Union, Which Pays ...

Compute the Present Value (Principal) and the Compound Interest Earned ...

Compute the Present Value (Principal) and the Compound Interest Earned ...

Compute the Present Value (Principal) and the Compound Interest Earned ...