10
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 10 • $2526: Full: 2102320: Economics HONORS: NEW CREDIT

Compound interest is usually better than simple interest because it pays

Answer
A
interest on the principal and the interest earned in each period.
B
interest on the entire principal rather than the interest in each period.
C
more, as it is matched by an employer’s 401k contribution.
D
more often throughout the year rather than once a year.
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Compound interest is usually better than simple…