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Tomas earned $89 in interest on his savings account last year and has decided to leave the $86 in his account this coming year so

Tomas earned $89 in interest on his savings account last year and has decided to leave the $86 in his account this coming year so it will earn interest. This process of earning interest on prior interest earnings is called:

discounting.

compounding.

duplicating.

multiplying.

indexing.

Only attempt if you can provide explanation or I will report.

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