Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When interest is paid on both the principal amount and prior interest earned, this is called: simple interest accounting rate of return the discount factor
When interest is paid on both the principal amount and prior interest earned, this is called:
simple interest
accounting rate of return
the discount factor
compound interest
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Musings On Internal Quality Audits Having A Greater Impact
Authors: Duke Okes
1st Edition
1636941486, 978-1636941486
