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1)Tracy invested $1,000 five (5) years ago and earns 4 percent on her investment.By leaving her interest earnings in her account, she increases the amount

1)Tracy invested $1,000 five (5) years ago and earns 4 percent on her investment.By leaving her interest earnings in her account, she increases the amount of interest she earns each year. The way she her interest income is referred to as which of the following?

a)Simplifying

b)Compounding

c)Aggregation

d)Accumulation

e)Discounting

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