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An investor invested $ 2 , 0 0 0 six years ago at 4 . 5 percent interest. She spends all of her interest earnings
An investor invested $ six years ago at percent interest. She spends all of her interest earnings immediately, so she only receives interest on her initial $ investment. As a result, which type of interest is her principal experiencing?
Multiple Choice
Free interest
Complex interest
Simple interest
Interest on interest
Compound interest
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
16th Edition
78110939, 978-0078110931
