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We call the process of earning interest on both the original deposit and on the earlier interest payments: Multiplying. Compounding. Computing. Discounting.
Compounding.
Computing.
Discounting.
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
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