How die a compound interest rate differ from a simple interest rate?
Compound interest rates pay more interest over time
Compound interest rates are calculated only once a year
Compound interest rates ideally lower than simple interest rates••
Compound interest rates apply to home mortgages only
6 answers
No.
Yes, A.\
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How does a compound interest rate differ from a simple interest rate?
A.
Compound interest rates pay more interest over time.
B.
Compound interest rates are calculated only once a year.
C.
Compound interest rates are usually lower than simple interest rates.
D.
Compound interest rates apply to home mortgages only.
A.
Compound interest rates pay more interest over time.
B.
Compound interest rates are calculated only once a year.
C.
Compound interest rates are usually lower than simple interest rates.
D.
Compound interest rates apply to home mortgages only.
A. Compound interest rates pay more interest over time.