Question
Tomas earned $89 in interest on his savings account last year and has decided to leave the $89 in his account this coming year so
Tomas earned $89 in interest on his savings account last year and has decided to leave the $89 in his account this coming year so it will earn interest. This process of earning interest on prior interest earnings is called:
A. Discounting
B. Duplicating
C. Indexing
D. Compounding
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Risk Management And Financial Institutions
Authors: John Hull
1st Edition
0132397900, 9780132397902
