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What is compound interest? Select one: a. A stream of fixed payments that are received...

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Question

Accounting

What is compound interest?

Select one:

a. A stream of fixed payments that are received or made in a given period of time

b. The effect of applying the interest rate on only the principal amount

c. The piling on effect of applying the same interest rate on an account over a period of time

d. A stream of variable payments that are received or made in a given period of time

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