question archive Compounding refers to the growth of a dollar amount through time via reinvestment of interest earned
Compounding refers to the growth of a dollar amount through time via reinvestment of interest earned
Subject:BusinessPrice: Bought3
Compounding refers to the growth of a dollar amount through time via reinvestment of interest earned. It is also the process of determining the future value of an investment. Discounting is the process of determining the value today of an amount to be received in the future.
