QUESTION 3 Compound Interest When future interest is earned only on the original principal amount. When future interest is earned on principal and on interest previously received When the interest rate is defined as the periodic rate times the number of periods per year. A rate of interest which is also called the quoted or stated rate or the APR. The amount of interest charged each period, e.g. monthly or quarterly QUESTION 4 EAR O A rate of interest which is stated in a contract. O The amount of interest charged each period, e.g. monthly or quarterly. When future interest is earned only on the original principal amount. The annual rate of interest actually being earned. The amount of interest being charged if the effects of compounding are not included. QUESTION 5 Click Save and Submit to save and submit. Cliek Save All Answers to save all ansvers. Save All Answers