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You will receive more interest , if it is compounded _________
Simple Interest
Compound Interest
Daily
Rule 72
time value of money
FDIC Federal Deposit Insurance Corporation
The amount of money,The interest rate,Time
Savings account
Provide insurance for your bank deposits,for $250,000
Simple Interest
Compound Interest
Daily
Rule 72
time value of money
FDIC Federal Deposit Insurance Corporation
The amount of money,The interest rate,Time
Savings account
interest earned on both the principal amount and any interest already earned Interest earn on top of Interest
Simple Interest
Compound Interest
Daily
Rule 72
time value of money
FDIC Federal Deposit Insurance Corporation
The amount of money,The interest rate,Time
Savings account
Interest earned only on the principle . Formula I=P * T
Simple Interest
Compound Interest
Daily
Rule 72
time value of money
FDIC Federal Deposit Insurance Corporation
The amount of money,The interest rate,Time
Savings account
interest-bearing deposit account held at a bank or other financial institution that provides a small interest rate.
Simple Interest
Compound Interest
Daily
Rule 72
time value of money
FDIC Federal Deposit Insurance Corporation
The amount of money,The interest rate,Time
Savings account
A formula can tell you how long it will take your money to double
Simple Interest
Compound Interest
Daily
Rule 72
time value of money
FDIC Federal Deposit Insurance Corporation
The amount of money,The interest rate,Time
Savings account
If you have a savings account what three factors will affect your Savings
Simple Interest
Compound Interest
Daily
Rule 72
time value of money
FDIC Federal Deposit Insurance Corporation
The amount of money,The interest rate,Time
Savings account
The concept of___________is important for savers. The longer money is saved, the more its value can increase over time.
Simple Interest
Compound Interest
Daily
Rule 72
time value of money
FDIC Federal Deposit Insurance Corporation
The amount of money,The interest rate,Time
Savings account
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