The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting th

Question

Ghella [55]

1 year ago

15

The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting th

e interest, is called.

Business

1 answer:

hichkok12 [17] · Answer 1 · 2023-08-31T19:52:05+03:00

Compounding is known as the act of leaving your money and other accumulated interest in an investment for more than one period.

<h3>How do you explain the word compounding?</h3>

Compounding is known to be the method used when an interest is credited to a specific existing principal amount and also to interest already paid.

It is the act of letting go of one's money and other compiled interest in an investment for a long time.

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