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Jordan Spieth earned $32 in interest on her savings account last year. Hhe has decided to leave the $32 in her account so that she
Jordan Spieth earned $32 in interest on her savings account last year. Hhe has decided to leave the $32 in her account so that she can earn interest on the $32 this year. The interest earned on last year's interest earnings is called:
accrued interest.
interest on interest.
discounted interest.
complex interest.
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