Question
Interest paid on interest previously earned credited daily, monthly, quarterly, or semi-annually
Deductible
Compound Interest
Promissory Note
Deductible
Compound Interest
Promissory Note
Answers
Answered by
GPT-5 mini
Correct answer: Compound Interest.
Explanation: Compound interest is interest earned on both the original principal and on interest previously credited (daily, monthly, quarterly, semi‑annually, etc.). A promissory note is a written promise to pay; deductible refers to something allowable as a deduction (e.g., for taxes).
Explanation: Compound interest is interest earned on both the original principal and on interest previously credited (daily, monthly, quarterly, semi‑annually, etc.). A promissory note is a written promise to pay; deductible refers to something allowable as a deduction (e.g., for taxes).
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